London * Singapore iron ore extends gains into fifth session, * Dalian iron ore down slightly after five-day rally, * Spot iron ore prices heading towards $130/tonne. Here is a summary of the contracts' specifications: iron ore 62% fe, cfr china (tsi) - overview Discover a more efficient solution for hedging iron ore price exposure against marginal cost of production swings and supply-side price squeezes. A new Singapore Steel Forum will kick off for the first time next year as part of Singapore Iron Ore Week (SIOW) 2020. Specifications of SGX MB Iron Ore cfr China 65% Fe swaps, futures contracts The Singapore Exchange (SGX) will launch high-grade iron ore swaps and futures contracts on December 3. In response to the rather firm prices, the trading volumes of SGX’s iron ore derivatives including futures, options, and swaps, posted year-on-year gains for both the years, and its key 62% Fe iron ore futures contracts followed the overall trend in response to a 9% on-month price rise to $107.74/dmt at the close of the July 31 trading. Chinese steelmakers are now struggling to lift prices of finished products at the same pace as the uptrend in the cost of raw materials, Mysteel consultancy reported, citing mill sources. Portside and seaborne iron ore prices headed towards $130 a tonne this week, hitting levels that may begin to hurt steel margins in China, the world’s top metals producer and consumer. However, Iron ore derivatives traded volume fell 12% MoM in February. A demostration on how a market maker can use Tradex Platform to automate a strategy to quote DCE iron ore prices into SGX swaps market Experience up to 45% margin offsets versus other cleared, correlated contracts and only post margin on the residual risk as the contract month progresses. The total traded volume for the high-grade 65% Fe iron ore futures on the Singapore Exchange (SGX) rose in January 2020, with 25,750 lots - or 2.575 million tonnes - being cleared as of January 20 at 2:30pm Singapore time. SGX AsiaClear, the world’s largest clearer of iron-ore swaps, began a futures contract for the commodity today and prices settled unchanged. Jan-18 Volume by Contract Months (mil mt) SGX also offers futures for coking coal (including options), iron ore lump premium, steel, and FFA. Get Analysis of iron ore price trends. Stainless steel slipped 0.6%, * Dalian coking coal jumped 2.8% but coke dropped 0.6%. 22/02/2021 Iron ore gains further; 19/02/2021 Iron ore steadies despite stock increase; 18/02/2021 Iron ore surges on return from holiday; 11/02/2021 First-quarter shipment drop supports iron ore prices; 10/02/2021 Iron ore firm as market closes for holiday; 09/02/2021 Iron ore gains ground, billet spikes; 08/02/2021 Iron ore jumps ahead of holiday High-grade iron ore derivative reaches second highest monthly traded volumes. SGX Iron Ore Futures closed 2020 at a record 2.1 billion tonnes of trade which was 30% larger than the underlying physical market. T session: 8.00 am – 8.00 pm T+1 session: 8.15 pm - … Our Standards: The Thomson Reuters Trust Principles. * Dalian iron ore rises 1%, on track for weekly gain * SGX iron ore set for first weekly loss in three. Fastmarkets will drive the forum together with the Singapore Exchange (SGX) and Enterprise Singapore. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. Prices and indices for iron ore, covering grades 58%, 62%, 65% and 66%. methodology and price specifications for iron ore here. Total iron ore derivatives cleared on the SGX surged 29 per cent to 139.1 million tonnes in December from a year earlier, lifting the full-year tally to a record of almost two billion tonnes. United Kingdom. Iron ore’s front-month September contract on the Singapore Exchange rose 0.4% to $124.83 a tonne in early trade. Search for prices, market data and trading information of all futures contracts traded on Singapore Exchange. * Benchmark 62% iron ore's spot price soared to $126.50 a tonne on Wednesday, based on data tracked by SteelHome consultancy. Get Official Stock Quotes, Share Prices, Market Data & Many Other Investment Tools & Information From Singapore Exchange Ltd However, Iron ore derivatives volume dropped 12% in February due to the Lunar New Year holidays. SGX iron ore rises as spot prices scale over 6-1/2-year peak; Dalian slips. Petrochemical derivatives and Paraxylene traded volumes also rose significantly compared to last year. View live TSI IRON ORE CFR CHINA (62% FE FINES) INDEX FUTURES chart to track latest price changes. Source: SGX and DCE websites. If you're happy with cookies click proceed. Our iron ore indices cover all key grades and include the industry benchmark 65% Fe index, on which SGX's high-grade derivative contract is settled. In our webinar we will examine how changes in the iron ore market have prompted the need for the new 65% Fe contract, the opportunities it offers and the methodology behind our iron ore index. MANILA, Jan 22 (Reuters) - Dalian iron ore futures edged higher on Friday on concerns over possible weather-related supply disruptions in key exporter Australia, while prices in Singapore dipped on worries about new COVID-19 infections in top steel producer China. SGX TSI Iron Ore 62% futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Understand what affects prices for high-grade iron ore, what to consider when looking at future spreads between the 65% Fe and 62% Fe indices, and how macroeconomic data may be used to inform trading decisions. SH-CCN-IRNOR62, * Construction steel rebar on the Shanghai Futures Exchange fell 1.3% in early trade, while hot-rolled coil was up 0.1%. SGX TSI Iron Ore 62% Prices The All Futures page lists all open contracts for the commodity you've selected. Read the full insight from our industry reporters today. * Dalian iron ore up as much as 3.8%, SGX iron ore rises 2.7% * China central bank vows flexible, targeted monetary policy. Gaining trustworthy insight into the changing iron ore market is increasingly critical for the entire steel value chain. When economies are growing, the need for steel in construction increases which drives the price up. Global economic growth is the primary factor that drives its supply and demand. * Benchmark 62% iron ore's spot price soared to $126.50 a tonne on Wednesday, based on data tracked by SteelHome consultancy. Vale, the world’s top producer, has been struggling to return to full production as it faces legal and pandemic obstacles. Trade ideas, forecasts and market news are at your disposal as well. Browse news and quotes for dozens of commodity futures, or select a commodity for charting and rate data. Daily iron ore price updates including Tianjin, Qingdao, SGX and Dalian futures plus China steel prices. Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. This series of events enables you to gain critical industry insights, facilitate networking with key contacts and maintain your presence in the market when global travel to conferences isn't an option. EC4Y 8AX Exploring how the changing iron ore market has driving necessary changes in pricing mechanisms, most recently the need for more granular price references due to widening spreads between grades. However, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange was down 0.5% at 856 yuan ($123.63) a tonne by 0243 GMT. While these are about half of … All quotes delayed a minimum of 15 minutes. It … Petrochemical derivatives volume and Paraxylene traded volume jumped significantly during February 2021. Iron ore’s front-month September contract on the Singapore Exchange rose 0.4% to $124.83 a tonne in early trade. Short-term steel raw materials forecasts and analyst updates, Five-year iron ore price forecasts with quarterly analyst updates, Global market coverage of the iron ore industry from our pricing experts, 8 Bouverie St Apart from the growth in FX futures and the overall derivatives average daily volume, SGX highlighted a surge in its commodities business. * Dalian iron ore up as much as 1.5%, SGX iron ore rises 2.2% * China June 4-10 rebar output at record 4 mln T - Mysteel * Spot 62% iron ore holds ground near 10-month high - SteelHome Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Forward freight agreement (FFA) traded volume surged 80% YoY with 150,601 contracts. China’s steel mills continued to ramp up output, hopeful that domestic demand particularly for construction material rebar would remain strong driven by increased government spending on infrastructure. “Prices of iron ore have met our short-term target of $120/mt and we now revise this higher again to $130/mt,” said Howie Lee, economist at OCBC Bank in Singapore. SGX also registered a surge in its commodities business. By Enrico Dela Cruz. “China’s demand is now clearly evident, with crude steel production at a record high of 93.36 (million tonnes in July) and steel rebar prices exceeding 4000 RMB/mt for the first time in a year last week,” Lee wrote in a note. Delayed Prices - Futures Delayed Prices - Options Final Settlement Price We bring clarity to businesses around the world through our prices, indices and market analysis. This creates opportunities to trade inter-commodity spreads such as the ratio of iron ore to coking coal or FFA prices. Whether you are a producer, consumer or trader of iron ore, you can rely on the information we provide on this market to help ensure you make informed decisions for your business. Iron ore on China's Dalian Commodity Exchange jumped 5.2% to 1,014.50 yuan ($156.63) a tonne by 0330 GMT, after earlier hitting a one-week high of 1,017 yuan. See here for a complete list of exchanges and delays. (Reporting by Enrico dela Cruz; Editing by Rashmi Aich). Iron Ore Futures Underlying Instrument SGX TSI Iron Ore CFR China (62% Fe Fines) Index Future Contract Size 100 metric tonnes Trading Hours Every weekday except common Singapore and UK holidays. Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin hovered close to a nine-year high of $175 per tonne amid continued robust demand from China and persistent doubts about Brazilian shipments. Singapore Exchange announced the launch of SGX Iron Ore Futures Indices, a suite of inverse and leveraged indices calculated off the SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures. A centrally-located venue at the heart of Hong Kong financial hub, the HKEX Connect Hall is an iconic venue for Hong Kong’s financial community. Structural changes brought about by the Chinese government’s five-year plan have piloted an era of environmentally friendly industry growth and mean the time has come for a high-grade iron ore derivative. MANILA, Aug 20 (Reuters) - Singapore iron ore futures extended gains for a fifth straight session on Thursday, as spot prices of China-bound cargoes of the steelmaking ingredient hit their highest since January 2014 on strong demand, while Dalian contracts snapped a five-day rally. A mixture of trends were forecast for steel, iron ore and coking coal prices in 2020 at the London Metal Exchange Ferrous Focus session 2020. SGX TSI Iron Ore 62% futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. The total traded volume for the high-grade 65% Fe iron ore futures on the Singapore Exchange (SGX) rose in January 2020, with 25,750 lots - or 2.575 million tonnes - being cleared as of January 20 at 2:30pm Singapore time. in Commodity News 20/08/2020. SGX Platts Iron Ore CFR China (Lump Premium) Swap Final Settlement Price Cash settlement using the arithmetic average of all The Steel Index (TSI) Iron Ore Fines 62% FE CFR China reference prices in the expiring month, rounded to 2 decimal places. The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives registered another strong month in February, with 2.98 million tonnes worth of contracts being traded during the month, according to data from the exchange.
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