sgx iron ore futures prices
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. By Enrico Dela Cruz. 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. 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. Our Standards: The Thomson Reuters Trust Principles. 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. Global economic growth is the primary factor that drives its supply and demand. in Commodity News 20/08/2020. United Kingdom. See here for a complete list of exchanges and delays. “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. 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. A new Singapore Steel Forum will kick off for the first time next year as part of Singapore Iron Ore Week (SIOW) 2020. SGX TSI Iron Ore 62% Prices The All Futures page lists all open contracts for the commodity you've selected. 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. 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. All quotes delayed a minimum of 15 minutes. * Benchmark 62% iron ore's spot price soared to $126.50 a tonne on Wednesday, based on data tracked by SteelHome consultancy. 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. However, Iron ore derivatives volume dropped 12% in February due to the Lunar New Year holidays. Forward freight agreement (FFA) traded volume surged 80% YoY with 150,601 contracts. 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 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. Daily iron ore price updates including Tianjin, Qingdao, SGX and Dalian futures plus China steel prices. EC4Y 8AX Delayed Prices - Futures Delayed Prices - Options Final Settlement Price High-grade iron ore derivative reaches second highest monthly traded volumes. Trade ideas, forecasts and market news are at your disposal as well. Get Analysis of iron ore price trends. SGX also registered a surge in its commodities business. “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. We bring clarity to businesses around the world through our prices, indices and market analysis. If you're happy with cookies click proceed. This creates opportunities to trade inter-commodity spreads such as the ratio of iron ore to coking coal or FFA prices. 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%. Jan-18 Volume by Contract Months (mil mt) SGX also offers futures for coking coal (including options), iron ore lump premium, steel, and FFA. 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. Fastmarkets will drive the forum together with the Singapore Exchange (SGX) and Enterprise Singapore. 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. 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 Browse news and quotes for dozens of commodity futures, or select a commodity for charting and rate data. SGX Iron Ore Futures closed 2020 at a record 2.1 billion tonnes of trade which was 30% larger than the underlying physical market. Apart from the growth in FX futures and the overall derivatives average daily volume, SGX highlighted a surge in its commodities business. 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. Prices and indices for iron ore, covering grades 58%, 62%, 65% and 66%. Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). 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. Petrochemical derivatives and Paraxylene traded volumes also rose significantly compared to last year. Iron ore’s front-month September contract on the Singapore Exchange rose 0.4% to $124.83 a tonne in early trade. View live TSI IRON ORE CFR CHINA (62% FE FINES) INDEX FUTURES chart to track latest price changes. 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. However, Iron ore derivatives traded volume fell 12% MoM in February. methodology and price specifications for iron ore here. SGX AsiaClear, the world’s largest clearer of iron-ore swaps, began a futures contract for the commodity today and prices settled unchanged. 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 * 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 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. Stainless steel slipped 0.6%, * Dalian coking coal jumped 2.8% but coke dropped 0.6%. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. 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. 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. (Reporting by Enrico dela Cruz; Editing by Rashmi Aich). 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. Get Official Stock Quotes, Share Prices, Market Data & Many Other Investment Tools & Information From Singapore Exchange Ltd Search for prices, market data and trading information of all futures contracts traded on Singapore Exchange. * Dalian iron ore up as much as 3.8%, SGX iron ore rises 2.7% * China central bank vows flexible, targeted monetary policy. 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. It … Here is a summary of the contracts' specifications: Iron ore’s front-month September contract on the Singapore Exchange rose 0.4% to $124.83 a tonne in early trade. Iron Ore Price: Get all information on the Price of Iron Ore including News, Charts and Realtime Quotes. Petrochemical derivatives volume and Paraxylene traded volume jumped significantly during February 2021. * 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. 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. 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. SGX TSI Iron Ore 62% futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. SGX TSI Iron Ore 62% futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Source: SGX and DCE websites. 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. Vale, the world’s top producer, has been struggling to return to full production as it faces legal and pandemic obstacles. While these are about half of … London 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.