Overnight IO Futures:
Singapore:
- SGX FE04 (April) US$83.50 up 0.69 or 0.83% (low 82.81, high 83.65)
- SGX FE05 (May) US$81.68 up 0.48 or 0.59% (low 81.20, high 81.73)
- SGX FE06 (June) US$79.94 up 0.24 or 0.30% (low 79.70, high 79.94)
Dalian:
- IO 1905 614 yuan up 1.5 or 0.24% (low 610.5, high 615.5)
IO Futures stabled overnight, from defab's last post, we should see another good day today for IO.
Do your research and trust your judgement, SP was heading towards $7 with all the momentum, when the market starts to realised "again" that Vale's problems aren't going away anything time soon, we should see SP with a "7" in front.
DYOR
Frank
Iron ore price, page-11139
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