Today
+0.30%
5 Days
+2.10%
1 Month
-3.43%
6 Months
-13.37%
Year to Date
-9.84%
1 Year
-6.35%
Opening Price
677.900Previous Closing Price
673.900• Iron ore futures advanced due to short-covering and technical buying. • Port stockpiles declined slightly amid reduced vessel arrivals and higher pick-ups. • Technical indicators show mixed signals with RSI neutral at 41.83.
• Weak Chinese steel demand and property sector contraction are driving down iron ore prices. • Rising port inventories from major producers have created a surplus in the physical market. • Technical indicators including MACD and RSI currently signal a sell for iron ore futures.