SINGAPORE (Dec 3): Singapore Exchange (SGX) today launched SGX MB Iron Ore CFR China swaps and futures to complement the bourse’s bellweather 62% Fe Brazilian derivatives.

The new contracts reference the 65% Fe Brazilian fines index, CFR Qingdao, provided by Fastmarkets MB.

In a Monday announcement, SGX says the SGX MB Iron Ore CFR China swaps and futures have been designed in close consultation with market participants, and come with the aim of meeting demand for new risk-management tools amid a structural shift in China's environmental policy.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook