SGX June iron ore swaps volume hits over two-year high

摘要

Singapore—The Singapore Exchange, or SGX reported a total volume of 147 million mt iron ore swaps traded in June, up 9.7% month on month, recording the highest monthly trading volume since Mar 2017. The USD-denominated July swap contract traded on SGX went up 17.2% to $112.87/mt at the end of June from $96.28/ mt at the end of May. Similarly, onshore iron ore futures traded on the Dalian Commodity Exchange, or DCE gained 15.3% to Yuan 838.5/mt from Yuan 727/mt.