Sgx iron ore

Gold's recent

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Sgx iron ore

Iron ore futures listed on the Singapore Exchange are becoming one of the most important commodity futures contracts in the world. That growth trend is continuing into In March, 2. First, the contract is a hedge for volatility in iron ore prices, and by extension, as a hedge on the pace of economic growth in China. Iron ore is the main ingredient in the production of steel, and the rise of China's steel industry has dramatically altered the pattern of trade with an estimated two-thirds of all seaborne iron ore shipments going to China. That shift has helped drive greater use of the spot market for pricing shipments of iron ore—and greater need for protection against big swings in prices. For example, last year's decision by China's government to pivot away from the zero-COVID policy sparked a huge surge in iron ore prices as market participants anticipated renewed demand for steel in manufacturing, real estate and infrastructure. The second reason for the growth of the contract is the entry of a different set of participants. Historically, the market was dominated by iron ore producers, merchant traders, steel makers and swap dealers with exposures to the underlying physical commodity. More recently, however, hedge funds and other institutions with a purely financial interest have begun using the contract.

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Sgx iron ore

The dollar index DXY00 on Thursday fell by Yes, gold price confirmed its breakout — in daily closing price terms. Yes, it is important.

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Want Streaming Chart Updates? Save this setup as a Chart Templates. Iron ore is the main ingredient in the production of steel, and the rise of China's steel industry has dramatically altered the pattern of trade with an estimated two-thirds of all seaborne iron ore shipments going to China. Contact Barchart. Most Recent Stories More News. Barchart Trading Guide Sell Signal. Switch your Site Preferences to use Interactive Charts. Investing News Tools Portfolio. Futures Futures. Switch your Site Preferences to use Interactive Charts. That growth trend is continuing into Contract highlights. Options Market Pulse.

The dollar index DXY00 on Thursday fell by Yes, gold price confirmed its breakout — in daily closing price terms.

Not interested in this webinar. SGX began clearing iron ore swaps more than 10 years ago, at a time when most iron ore was traded bilaterally. Note the prior long term demand supply zones. For this group, the liquidity in the contract has now reached a level sufficient to support their trading strategies. So far this year, open interest has been averaging more than , contracts. That shift has helped drive greater use of the spot market for pricing shipments of iron ore—and greater need for protection against big swings in prices. Right-click on the chart to open the Interactive Chart menu. Contract size. Want to use this as your default charts setting? Save this setup as a Chart Templates. Strength in T-note yields today is supporting the dollar as the year T-note yield climbed to a 3-week high.