Singapore Exchange's (SGX) 65% Fe iron ore derivative contract hit a monthly-traded volume of 2.0397 million tonnes as on Monday July 29, the highest since the contract's launch on December 3, 2018.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117.99 per tonne, down $0.32 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $1117.91 per tonne, down $0.32 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $119.21 per tonne, down $0.36 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $105.79 per tonne, down $1.05 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $125.80 per tonne, down $0.80 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 885 yuan per wet metric tonne (implied 62% Fe China Port Price $119.14 per dry tonne), up 4 yuan per wet metric tonne. Key driversOn Monday, 1,700 lots of the SGX 65% Fe derivative contract were traded and cleared by 6.30pm Singapore time. A broker source told Fastmarkets that the volumes were headed in the right direction, with volatility in mid-...