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Futures Print Highest Level Since Early April On Thursday

IRON ORE

SGX Iron Ore futures printed their highest level since early April before marginally paring gains in yesterday's trading.

  • The August contract closed at $113.90/tonne ~1.1% firmer on Thursday.
  • The metal space firmed as after China said it would step up measure to boost its economy in 10 key industries including steel and automobiles. Chinese authorities are also considering easing home buying restriction in the nation's largest cities. More here.

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