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CONTRACT SPECIFICATION
Traded Commodity | Iron Ore 62% Fe - SGX |
Commodity Code | FEF |
Contract Size | 100 tons / lot |
Quotation Unit | USD / ton |
Trading Hours (GMT+7) | Monday - Friday: • Session 1: 06:25 – 19:00 • Session 2: 19:15 – 04:15 (the following day) |
Price Increment | 0.05 USD / ton |
Expiration Months | 12 consecutive months, within a period of 4 years from the current year |
Registration Deadline for Delivery | 5 business days before the first notice day |
First Notice Day | As regulated by MXV |
Last Trading Day | The last business day of the expiration month |
Margin | As regulated by MXV |
Position Limits | As regulated by MXV |
Price Fluctuation Limit | No regulation |
Payment Method | Physical delivery |
Quality Standards | Quality standards are detailed below. |
Quality Standards:
As regulated by the 62% Fe iron ore product traded on the Singapore Exchange.
Iron ore contains 62% iron, 8% moisture, 4% silica, 2.25% aluminum, 0.09% phosphorus, and 0.02% sulfur.