A tremendous amount of capital poured into the iron ore futures market yesterday April 18.
The data shows that as of CST 15:00, the most-traded iron ore futures contract on the Dalian Commodity Exchange received a capital inflow of 732 million yuan within the day, making it the commodity futures with the largest capital inflow on that day. The most-traded DCE 2309 iron ore contract closed up 2.08% at 784 yuan/mt yesterday April 18. China’s Q1 GDP data exceeded market expectations, while real estate data was barely satisfactory.
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