Interesting on that HKEX chart as had to dig around a little to see where that data was coming from.. Seems Tradingview is not pulling it incorrectly.. as there is no corresponding outputs anywhere else were to support it.
I have it direct now.. https://www.hkex.com.hk/Products/Listed-Derivatives/Commodities/USD-TSI-Iron-Ore/Monthly-Contracts?sc_lang=en#&product=FEM
Out of it and the 1T US infrastructure bill going through.. Plus tip in a few more countries doing the same to head off an CV economic collapse we should see a steady range.. Like to see bouncing around the 150-190 for the next few months to keep all the Aus players happy.
This is interesting to see where the Market thinks.. plus playing with the dates we can see where the sediment was to today but keeping in mind market moves and be good to look at it again next week to see how traders feel now that the Chinese FUD has soaked in.. but the US spend. https://www.cmegroup.com/markets/metals/ferrous/iron-ore-62pct-fe-cfr-china-tsi-swap-futures.settlements.html#tradeDate=08%2F10%2F2021
GWR Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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