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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
IRON ORE
SGX Iron Ore futures printed their lowest level since early June falling as much as 5% on Monday before marginally paring losses to finish ~4% lower. The contract last prints at $105.05/tonne.
- Weaker than forecast Chinese inflation data, CPI was flat and PPI fell further, which weighed on sentiment.
- The Chairman of Rio Tinto, the largest Iron Ore miner in the world, noted he saw a host of near term economic challenges in China including in the country's real estate sector which also weighed on the space.
Fig 1: SGX Iron Ore Futures
Source: MNI/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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