MEIS 2018: High-grade iron ore derivative a ‘leap forward’, says Anglo American

摘要

The launch of a high-grade iron ore derivative by the Singapore Exchange last week represents a “leap forward for the [ferrous] industry, particularly those that are exposed to the high-grade product,” according to Andrew Glass, head of iron ore trading at Anglo American.SGX launched the world’s first high-grade iron ore derivative contract, settled against the daily MB 65% Fe Iron Ore Index published by Fastmarkets MB, on Monday December 3.