Those holding the 10 million or so shorted shares may get a bit of a rude shock today. Not many shorts left, but they may need to cover.IRON ORE DAILY: Seaborne prices driven up by sharp gains in futures, swaps
Iron ore prices increased across the board on Thursday February 4, after sharp gains in futures on the Dalian Commodity Exchange (DCE) and in swaps contracts on the Singapore Exchange (SGX), sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao:$158.03 per tonne, up $5.38 per tonne
62% Fe low-alumina fines, cfr Qingdao: $158.61 per tonne, up $5.71 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $144.56 per tonne, up $5.58 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $181.70 per tonne, up $6.20 per tonne
62% Fe fines, fot Qingdao: 1082 yuan per wet metric tonne (implied 62% Fe China Port Price:$155.99 per dry tonne), up by 20 yuan per wmt
https://do not advertise external sites/Article/3973656/IRON-ORE-DAILY-Seaborne-prices-driven-up-by-sharp-gains-in-futures-swaps.html
Those holding the 10 million or so shorted shares may get a bit...
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