Free Trial

Futures Tick Higher On Wednesday


SGX Iron Ore futures ticked higher on Wednesday as the lingering impact of China's budget adjustment provided support.

  • The November contract rose ~0.8% finishing dealing at $117.00/tonne, we now sit ~6.5% above the lows seen on Monday.
  • We do remain in the $110-$120 range which has persisted since September. Technically the contract has held above its 20-Day EMA ($115.25/tonne), the 200-Day EMA comes in at $108.15/tonne.

To read the full story



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.