Activity in SGX's iron ore derivatives picks up after Brazil tragedy
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Singapore
THE Singapore Exchange's commodity derivatives space saw activity romp upwards, particularly in iron ore after Brazil's deadly dam collapse late last month roiled the global seaborne market as fears heightened over output cuts by the world's largest iron ore miner.
Trading volume in SGX's iron ore derivatives in January shot up by 63 per cent and 57 per cent from a month and year ago respectively to 1.76 million, according to SGX's latest data. Iron ore makes up the lion's share of the trading volume in the local bourse's commodity derivatives segment, accounting for 86 per cent last month.
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