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Futures Print Highest Level Since Early April

IRON ORE

SGX Iron Ore futures printed their highest level since early April as a meeting of China's Politburo flagged more support for commodities before marginally paring gains.

  • The August contract finished trading at $114.70/tonne up ~2% yesterday, a high of $115.55/tonne was printed in the session.
  • Inventory levels at major Chinese steel mills fell 1.45% in mid July, more here.

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