Panamax Technical Report 30/09/21 (negative divergences create a futures pullback)

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FIS Singapore Iron Ore Derivatives Report 30/09/21

Market Commentary Iron ore futures surged to as high as $128 in Asia on Thursday as traders locked in purchases ahead of the “golden week” holiday. Some traders were thought to be making last-ditched efforts to replenish their stocks, driving up prices in the process. “Iron ore is showing quite a clear rebound because mills …