The Singapore Exchange’s (SGX Group) 65% Fe iron ore derivatives contract – which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao – set a new record for traded volumes at 1.22 million tonnes in a single day, according to SGX published data on Thursday, August 8. One of the distinctive functions of the 65% Fe derivatives that separates it from other ferrous-related derivatives is to allow market participants to gain exposure to the high-grade iron ore market. The 65% Fe derivatives not only capture the liquidity of mainstream high-grade sinter fines from Brazil, it is also the main tool for traders to hedge physical positions on high-grade pellet feed cargoes, according to a trader in Hong Kong. “We are encouraged to see strengthening market adoption in the SGX MB 65% Iron Ore futures as a precise hedging tool for the high-grade market, underpinned by the green transition. The recent volume growth in the contract also demonstrates higher trading interest in the 65-62 Fe grade differentials,” Tee Yong Tan, Head of Commodity Derivatives, SGX said. Have a question? Connect with Przemek 🔋 Koralewski and Christopher Ellis. Read more: https://fmrkts.com/4dFC5PP #Fastmarkets #PRA #financialexchange #derivative
Fastmarkets
Information Services
London, England 29,290 followers
To be the world’s leading and most trusted price reporting, analytics and events service for the markets we serve.
About us
Who we are Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets. Our price data, forecasts, and market analyses give our customers a strategic advantage in complex, volatile, often opaque markets. Our events provide immersive experiences to network, trade, and discuss the critical issues of the day. Fastmarkets combines the commodity intelligence of these familiar names: Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Random Lengths • FastMarkets and more. What we do The commodity markets we serve are the beating heart of today’s economy and critical to the transition to a low-carbon economy. That reality guides our purpose: to create transparent commodity markets to help our customers build a more sustainable world. The creation of healthy commodity markets – markets that maintain supply-demand balances and create clear mechanisms for participants and investors – are essential to fuel today’s financial performance and make the key investments to build a more sustainable world. How we do it Fastmarkets is an extraordinary place to work. We marry a culture energized by a diversity of intellect, experiences, and perspective with a passion to make our customers successful. We combine the authority of our expertise with a pragmatic view of how markets work to help our customers see clearly even in volatile and opaque markets. We respect and trust each other as shown by our Working 3.0 model that allows each of us to bring our best selves to work each day and combine to make a difference for each other and for the world.
- Website
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https://www.fastmarkets.com
External link for Fastmarkets
- Industry
- Information Services
- Company size
- 501-1,000 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 1882
- Specialties
- Financial Services, Metal Commodities Data, London Metal Exchange, Chicago Metal Exchange, Shanghai Futures Exchange, Metal Prices, Metal price Forecasts, Commodities, Price Reporting Agency, Supply Chain, forest products, Metal Bulletin, American Metal Market, Industrial Minerals, RISI, Agriculture, and AgriCensus
Locations
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Primary
8 Bouverie Street
London, England EC4Y 8, GB
Employees at Fastmarkets
Updates
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🔔 Webinar reminder | Have you signed up yet? https://fmrkts.com/4deC4CB 📅 August 21, 2024 ⏰ 15:00 BST Will Argentina surpass Chile in lithium production and become a top ten copper exporter? Join industry experts Jose Luis Manzano, Mariana Plaza, Ignacio Celorrio, Saúl Feilbogen and Fastmarkets' James McKeigue and Renato Rostas as they tackle the following questions: 🌐 Can Argentina become a top-ten copper exporter by 2030? ⛏️ How resilient is Argentine lithium production to price drops? 🏛️ What political factors impact mining in Argentina? ➡️ Secure your spot: https://fmrkts.com/4dx9gVs #FastmarketsBRM #FastmarketsMetals #copper #lithium #Argentina
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📊 The US scrap trends outlook for August 2024 is here: https://fmrkts.com/3YBrJfx ⚙️ Our latest survey reveals key insights on scrap metal prices, market confidence and inventory levels. Highlights include: 📈 The US scrap trend indicator stands at a bullish 52.1 📈 Scrap prices are expected to rise by 0.4% next month 📈 Inventory levels are balanced at 49.8 Download our outlook now to get the full picture: https://fmrkts.com/3WEwPVr #FastmarketsMetals #scrap #steel #forecasts
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📊 Get the insights you need to stay ahead in the FMCG industry: https://fmrkts.com/3WCNAQO 🛒 Fastmarkets’ FMCG suite offers in-depth price data, short- and long-term forecasts and analysis for agriculture, forest products and metals and mining customers. With our expert guide to market trends and pricing dynamics, you can manage inventories, benchmark costs and balance sustainability. ♻️ Ready to transform your supply chain management? 🌍 🔎 Learn more and get started with Fastmarkets' FMCG suite today: https://fmrkts.com/4fAuSlS #Fastmarkets #FMCG #RawMaterials #manufacturing #packaging
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⏰ Final call to register! The Fastmarkets Forest Products Latin America Conference 2024 is just around the corner. Join us next week for expert insights on: ✅ EUDR compliance ✅ Plastic substitutions and sustainability ✅ Wood prices and availability in Latin America ✅ The impact of China on Brazilian pulp exports And much more! Access one of the most trusted sources for Latin American price information, market analyses, and forecasts. This is a fantastic opportunity to expand your network, engage with influential CEOs, and connect with peers across Latin America. 🔹 Over 330 international delegates 🔹 More than 120 companies represented 🔹 40+ esteemed speakers 🔹 20+ sessions and panel discussions 🔹 5+ hours dedicated to networking A special thanks to our sponsors: ANDRITZ, Nalco Water, An Ecolab Company, CMPC, FM Global, Voith Group, and our official media partner, EL PAPEL Magazine. Don't miss out! Register now: https://fmrkts.com/3LPRNMa #FastmarketsForestProducts #FMLatAm #PulpandPaper #packaging #tissue
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Did you miss our recent chat with Trafigura's Jeremy Weir? https://fmrkts.com/4d6KnjK We asked Jeremy about the biggest challenges for the global energy transition, including: ☀️ Efficiency of renewable energy ⚡Decarbonization and pressure on power systems 📈 Meeting future demand 🔔 Subscribe to Fastmarkets' Fast Forward podcast, your definitive podcast for the critical minerals and battery raw materials markets: https://fmrkts.com/3LO5YRR #FastmarketsPodcast #FastForward #BatteryMaterials #EnergyTransition #geopolitics
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✨ The latest episode of the #FastForward podcast is now out ✨ https://fmrkts.com/4dnRMuM 🛜 Tune in to hear from Freeport-McMoRan CEO Kathleen Quirk as she discusses why copper scarcity pushes companies to buy, rather than build, new supply. Key insights include: 📊 Demand trends for copper 📉 Market volatility 🔄 Supply challenges 🔎 How do these impact the energy transition landscape? Listen now to learn more: https://fmrkts.com/3yjnKcz Special thanks to our host Andrea Hotter! #FastmarketsPodcast #FastForward #EnergyTransition #CriticalMinerals #copper
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Our first edition of Fastmarkets Agriculture Digest is here! 🎉 🌾We're thrilled to launch our monthly newsletter, providing essential agriculture market updates and insights. ✈️ In our July edition, we dive into the dynamic biofuels landscape, highlighting the latest trends in the sustainable aviation fuel (SAF) sector. 🔔 Subscribe now to stay on top of the agriculture market fundamentals and never miss an issue! #FastmarketsAgriculture #newsletter #biofuels #SAF
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📊 At Fastmarkets, we provide market-reflective prices, specialist forecasts and expert analysis to help you minimize risks and plan for the future. 🔎 Become a Fastmarkets customer today and get the insights you need to succeed: https://fmrkts.com/46pJVL0 #FastmarketsMetals #metals #decarbonization
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🌎 Webinar | Argentina: An emerging powerhouse for copper and lithium: https://fmrkts.com/46hdn5E 📅 August 21, 2024 ⏰ 15:00 BST Argentina, part of the 'Lithium Triangle,' is set to surpass Chile as South America's top lithium producer by 2030. With significant copper reserves, the country could soon become a major player in the global metals and mining industry. 📈 🔎 Hear from our expert, James McKeigue, as he highlights the unique opportunities this webinar brings. Our stellar speakers include: José Luis Manzano of Integra Capital Ignacio Celorrio of Lithium Argentina Saul Feilbogen of Vitale, Manoff & Feilbogen ➡️ Grab your spot now: https://fmrkts.com/3yctRQ4 #FastmarketsBRM #FastmarketsMetals #copper #lithium #Argentina