Iron ore futures overnight session finished the session at 724...

Iron ore futures overnight session

finished the session at 724 yuan- approx 112usd
Up5.5 percent

higest it has been since the crash the last week where it essentially crashed to 600 on open

so it’s div payment day- billions hitting accounts

end of month and end of qtr

if you are one of the ones that has sold or gone short this qtr it’s a stella return on paper or a huge saving

Question will be -those that are short on paper sitting on such paper gains - )and there are a huge number and dollar amount) - will they look to lock it in for fund performance given the iron ore price action knowing thousands of people have just received a cash refill

time will tell - certainly much more paid out in dollar terms this morning to holders in the form of dividend than accumulated shorts in total

let see - certainly potential for a few reason for a strong end of month increase in price

good luck