bullish
IO Weekly Technicals Review [2025/01]: IO Poised for Recovery
213 Views07 Jan 2025 13:39
SUMMARY
- SGX IO Futures closed USD 0.35/ton lower for the week ending on 03/Jan. It traded in a range of USD 4.35/ton, which was smaller than the prior week.
- For the week ending 03/Jan, China's port iron ore stockpiles rose 0.2% WoW to 145.22 million tons, while daily imported ore pick-up volume fell 47k tons to 3.08 million tons.
- FIIs hold a net long position of 130.6k lots across all futures and options expiries. Managed Money and Physical market participants are net short by 19.6k and 82.1k lots, respectively.
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