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Losses Extend, Recent Ranges Intact For Now


SGX Iron Ore futures extended recent losses yesterday, we now sit ~6% below the mid-month high.

  • The November contract closed at $111.95/tonne falling ~0.6% yesterday. The $110-$120/tonne range which has persisted since early September remains intact.
  • In a data light session on Monday lingering concerns over a prolonged Chinese property market slowdown continue to weigh on the metals space.

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