SGX MB Iron Ore CFR China (65% Fe Fines) Index Futures,Jun-2024,Composite FuturesSGX
Description
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SUMMARY: Short, Australian primarily delivers to China. Demand is falling fast suggestion a sharp contraction is around the corner for China, it will be the first in decades.
This is a good indicator to forecast China's future growth/contraction pace.
S&P500 below is another good indicator to view in tandem.