Industry News

SGX Jan iron ore futures trade volumes rise for all contracts in line with market trend

Views : 74
Update time : 2024-02-05 18:13:30
The volume of iron ore 62% Fe fines futures contracts traded on the Singapore Exchange increased 25.41% on the month to around 403.51 million mt in January, the latest SGX data showed. It was also the second time above the 400 million mt level in the past three years, according to S&P Global Commodity Insights data.
"Derivative market participants chose to move positions to forward months by the end of the month," said an international broker, adding that it was quite normal for January.

The average open interest for the iron ore 62% Fe fines futures dropped 5.08% to around 116.17 million mt in January, the data showed.

The dollar-denominated front-January derivatives contract for iron ore 62% Fe futures traded on SGX stood at $135.13/dmt at the end of January, down about 0.91% from $136.37/dmt at the end of December.

Related News
Read More >>
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Mar .07.2025
FORNNAX reaches new heights with groundbreaking ceremony for one of the largest manufacturing facility
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Mar .07.2025
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Mar .07.2025
Efficient power transmission with Diamond Power Infrastructure’s AL 59 wire rods
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban
Mar .07.2025
Here’s what GIADEC’s new CEO thinks about Ghana’s integrated aluminium industry and the impact of the bauxite export ban