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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 rose ~1.3% yesterday registering their 5th consecutive day of gains, printing the highest level since late April.
- Futures prices have risen ~12% since closing at their lowest level of the year on May 24, but we do however remain down ~5% year to date.
- Further indications, link here, that Chinese authorities are seeking to boost the economic activity has signaled further demand for Iron Ore.
- The impact of last week's Bloomberg source reports that the government is preparing a new batch of measures to aid the property market continues to linger.
Fig 1: SGX Iron Ore vs CSI300 Real Estate Index
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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