Iron ore derivatives seek direction; met coal support questioned

摘要

The week of Monday, September 2 began with optimism in the iron ore derivatives market, after a firm finish the previous week. Monday was the strongest day in terms of daily change, but direction was less clear for the balance of the week. In the coking coal market traders started to question the support in the cash market and nearby futures, and buyers took a wait and see approach in the nearby months.