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Singapore launches iron ore futures contract

Posted on 12 August 2011

Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, today announced that the world’s first Iron Ore Futures Contract on a global platform, settled based on the Metal Bulletin Iron Ore (MBIO) Index will be launched on the 12th August 2011.
Metal Bulletin is the leading independent provider of premium information and pricing for the metals industries. Metal Bulletin’s MBIO index is a good reflection of the seaborne merchant market for sinter fines delivered to China………………………………………Full Article: Source


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