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IRON ORE: The Sep-18 DCE iron ore contract...>

METALS
METALS: IRON ORE: The Sep-18 DCE iron ore contract is under pressure again today
as it tests its 55-dma at CNY479.2. Wednesday's rally above CNY500 was short
lived and left a long tail that warns of further downside.
- A close below the 55-dma would end the month of a very weak note, putting the
uptrend from the March lows in focus. 
- Prices continue to diverge with the broader metals index which has shown some
stability in recent weeks. 

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