What does Singapore mean by exchanging iron ore?
Derivative trading based on iron ore futures contract of Singapore Exchange. Iron ore swap is a financial derivative, which is used to hedge the risk of iron ore price fluctuation or to speculate. Participants are allowed to buy and sell iron ore at the agreed price in the future, and the swap contract price is determined according to the iron ore futures price of Singapore Exchange. The iron ore futures contract of Singapore Exchange is one of the important iron ore price benchmarks in the world, so the price of Singapore swap iron ore is also affected by the global iron ore market. Participants can manage the iron ore price risk by participating in the Singapore swap iron ore transaction, or speculate on the iron ore price trend.