bullish

Iron Ore

[SGX Iron Ore Weekly 2025/02] Bearish Sentiments Softening as Vols Trend Lower

179 Views14 Jan 2025 13:27
SUMMARY
  • SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) rose last week, closing $0.4/ton higher by 10/Jan (Fri).
  • Based on seasonality, SGX IO Futures Feb contract trades 24.6% below its last 5-year average ($128.93/ton).
  • IO prices gained 3% in the 10 trading days leading to CNY. IO prices rises 4.4% over the next 5 days before shedding 5% over the following five.
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