Activity in SGX's iron ore derivatives picks up after Brazil tragedy
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Expedia shares sink as vacation rental weakness fuels revenue forecast trim
Oil settles down on US jobs data, steepest weekly loss in three months
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Google, US clash over search advertising as trial winds down