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24 Apr 2015
Dalian Iron ore futures go limit up
FXStreet (Bali) - Dalian Iron ore futures went limit up in early trading today, expanding the recent bull run.
Greg McKenna, Editor at Business Insider, notes: "Certainly something has changed in the iron ore market with sentiment clearly much better than it was a few weeks back when Fortescue Metals (FMG) failed to find a bid for its $US1.5 billion debt issue. On Wednesday night not only did FMG get the deal away but it was upsized to $2.3 billion."
Greg McKenna, Editor at Business Insider, notes: "Certainly something has changed in the iron ore market with sentiment clearly much better than it was a few weeks back when Fortescue Metals (FMG) failed to find a bid for its $US1.5 billion debt issue. On Wednesday night not only did FMG get the deal away but it was upsized to $2.3 billion."