Iron ore trading

Discussion in 'Commodity Futures' started by maxinger, Dec 24, 2020.

  1. maxinger

    maxinger

    There are quite a few exchanges offering iron ore futures.
    Exchanges offering this product are DCE Dalian commodity exchange, SGX, HKFE, Comex Metals.

    volume from DCE is very good.
    The rest have rather a low volume.

    Let me explore iron ore futures from SGX further.
    name : TSI iron ore CFR China
    symbol : FEF
    price per tick : US$1
    1 tick = 0.01 point
    biggest day range was on 21 Dec 20 at 9%
    average volume : 20k
    contract month: every month

    Unfortunately, the bid-offer spread is horrible and terrible.
    hence, the candlesticks are super long ( and super scary),
    and STOP has to be placed very far away.


    Perhaps I will explore DCE products later.
    Non-Chinese nationals can trade DCE products.
     
    Last edited: Dec 24, 2020
    Snuskpelle and Nobert like this.