In a Monday announcement, SGX says the SGX MB Iron Ore CFR China swaps and futures have been designed in close consultation with market participants, and come with the aim of meeting demand for new risk-management tools amid a structural shift in China's environmental policy.
SINGAPORE (Dec 3): Singapore Exchange (SGX) today launched SGX MB Iron Ore CFR China swaps and futures to complement the bourse’s bellweather 62% Fe Brazilian derivatives.
The new contracts reference the 65% Fe Brazilian fines index, CFR Qingdao, provided by Fastmarkets MB.
