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Little Changed On Monday

IRON ORE

SGX Iron Ore futures were little changed on Monday finishing down ~0.1% from Friday's closing levels.

  • In a volatile start to the week losses of as much as 1.7% were pared as the CSJ noted that more stimulus could be on the way through accelerated issuance of special local government bonds. More here.
  • Mysteel noted that 14 Chinese mills have reduced prices, and that in Tangshan mill activity has been trending down since September. More here.

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