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SGX Futures Stabilise After Early Falls Last Week


SGX Iron Ore futures have stabilised after 4 consecutive week's of falls as demand concerns weighed.

  • The November contract sits at $114.75/tonne, ~5% above the October low which was printed last Tuesday.
  • A $110/tonne-$120/tonne range has persisted for the most part since early September, and we sit on the 20-Day EMA ($114.38/tonne). The 200-Day EMA comes in at $107.40/tonne.

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