The Singapore Exchange's (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 6.19 million tonnes so far in January, SGX data - published on Monday January 25 - shows.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $169.16 per tonne, down $0.81 per tonne
62% Fe low-alumina fines, cfr Qingdao: $170.13 per tonne, down $0.77 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $156.57 per tonne, down $0.16 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $193 per tonne, down $0.30 per tonne
62% Fe fines, fot Qingdao: 1,160 yuan per wet metric tonne (
implied 62% Fe China Port Price: $166.81 per dry tonne), down by 5 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.3850 per dry metric tonne unit (dmtu), up $0.0050 per dmtu
Key drivers
This is the first time the 65% Fe contract trades have crossed the 6-million-tonne mark since it was launched on December...