Singapore—TCoking coal and 62Fe iron ore futures on the Singapore Exchange (SGX) moved in opposite directions in the week starting December 9, but were supported by good volumes. Iron ore started week with a blast The week started with solid gains in both Dalian Commodity Exchange (DCE) and SGX iron ore futures, which again triggered good trading volumes. Talk about restocking activity by the mills fueled the bullish sentiment. The SGX Jan-20 contract closed $4.64/mt, and the cal20 closed $4.21/mt higher on the first trading day of the week. For the same day SGX reported 78826 lots traded at closing, the highest since 10th October. The rest of the week was filled by smaller price movements, both up and down. Nevertheless the movement on the up days was bigger than on the down days, and thus on a weekly basis the market ended higher.
展开▼
