The Singapore Exchange's (SGX) 65% Fe iron ore derivative contract registered its first 2020 trades this week as well as posting its highest single-day of traded volumes since its launch.
A total of 5,670 lots or 567,000 tonnes of the contract were traded and cleared on Friday October 11 as of 7pm Singapore time.A day earlier, 670 lots of January and February 2020 month contracts were also traded underlining participants' interest extending beyond nearby months. The contract had registered a traded volume of 2.3 million tonnes in September, the highest...