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(Price quotes for Iron ore fines 62% Fe CFR Futures are delayed by at least 10 minutes, as per exchange requirements). Iron Ore 62% Fe CFR Contracts. Delayed Futures
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An incoming Death Cross formation may add to iron ore''s downside in the coming weeks. The 50-day Simple Moving Average is on track to intersect the 200-day SMA. Prices found support at the September 2020 high, but the path of least resistance appears to be to the downside with a descending channel.
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Iron Ore 62% fe decreased 54.35 USD/MT or 34.88% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore 62% FE reached an all time high of 219.77 in July of 2021.
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“The iron ore rally has ended and prices have collapsed, as per our expectations, and we expect prices to remain under pressure in 2022,” the credit rating agency said in a recent report.
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No. 1688, East Gaoke Road, Pudong new district, Shanghai, China
