Free Trial

Trims Gains, NDRC To Strength Market Supervision

IRON ORE

SGX Iron Ore futures trimmed recent gains ticking below the $130/tonne handle on Wednesday

  • The December contract finished dealing at $128.05, ~2.2% below Wednesday's cycle high. We sit ~7% above November's opening levels.
  • China's NDRC sent personnel to the Dailan Commodity Exchange in a move to jointly explore strengthening of iron ore market supervision (BBG). The move weighed on the wider space.

To read the full story

Close

Why MNI

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.