IO Weekly Technicals Review [2024/46]: IO to Rise on SeasonalitySGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) plunged last week, closing USD 5.49/ton lower by 15/Nov (Fri). Iron ore prices faced their steepest weekly drop since September.
SGX IO Futures opened at USD 102.20/ton on 11/Nov (Mon) and closed at USD 96.71/ton on 15/N