IO Weekly Technicals Review [2024/50]: Stimulus Rally FizzlesSGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) expiring in Jan 2025 rose last week closing USD 1.95/ton higher by Friday.
SGX IO Futures opened at USD 102.85/ton on 09/Dec (Mon) and closed at USD 104.80/ton on 13/Dec (Fri).
Prices briefly touched a weekly high of USD 1