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Futures Print Highest Level Since April Before Paring Gains

IRON ORE

SGX Iron Ore futures printed their highest level since April yesterday as optimism that China will roll out more measures to boost the nation's property sector continued to support the metal.

  • Gains were pared and the contract finished trading little changed from opening levels at $113.00/tonne.
  • Futures remain in a $110-$115/tonne range, rallies remain capped by the lack of detail on stimulus and no language indicating major fiscal or monetary stimulus.

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