{"id":41406,"date":"2025-07-30T19:42:42","date_gmt":"2025-07-30T11:42:42","guid":{"rendered":"https:\/\/www.phillipnova.com.sg\/?post_type=announcement&#038;p=41406"},"modified":"2025-07-30T19:42:42","modified_gmt":"2025-07-30T11:42:42","slug":"sgx-iron-ore-index-futures-price-adjustments","status":"publish","type":"announcement","link":"https:\/\/www.phillipnova.com.sg\/cn\/announcement\/sgx-iron-ore-index-futures-price-adjustments\/","title":{"rendered":"Upcoming price adjustments for the SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures, Swaps and Options"},"content":{"rendered":"<p>Please note that there will be a <strong>one-time price adjustment<\/strong> to SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures at the <strong>close of T-Session<\/strong> \u5728 <strong>Friday, 29 August 2025<\/strong>\u3002\u8fd9 <strong>adjustments<\/strong> will take effect on <strong>Monday, 1 September 2025<\/strong>. The price impact to be used for the one-time monetary adjustment, to be published by Platts, will be based on the average of the daily 62\/61% Fe IODEX Basis Spread assessment from 1 July 2025 to 29 August 2025 (both dates inclusive).<\/p>\n<p>&nbsp;<\/p>\n<p>SGX has confirmed that it will proceed with a one-time monetary adjustment for all Iron Ore contracts impacted by the changes in the IODEX and Lump Premium quality specifications.<\/p>\n<p>This adjustment will impact clients with open positions in <strong>SGX Iron Ore Futures, Swaps, and Options<\/strong> expiring <strong>from January 2026 onwards<\/strong>\u00a0(Example: FEF Jan26 onwards).<\/p>\n<p>&nbsp;<\/p>\n<p>Please note that:<\/p>\n<ul>\n<li>Clients trading SGX Iron Ore Futures and Options should be made aware of this <strong>one-time P&amp;L adjustment.<\/strong><\/li>\n<li>Positions established from now until the cut-off should be managed with the upcoming adjustment in mind.<\/li>\n<li>For new positions expiring in 2026 and beyond, note that these will be settled using the <strong>new <\/strong><strong>Platts specification.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Adjustment Example for Iron Ore Futures\/Swaps<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-41407\" src=\"https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-1.png\" alt=\"\" width=\"915\" height=\"229\" srcset=\"https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-1.png 915w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-1-300x75.png 300w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-1-768x192.png 768w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-1-18x5.png 18w\" sizes=\"(max-width: 915px) 100vw, 915px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Adjustment Example for Iron Ore Options-on-Futures\/Options-on-Swaps<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-41408\" src=\"https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-2.png\" alt=\"\" width=\"921\" height=\"624\" srcset=\"https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-2.png 921w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-2-300x203.png 300w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-2-768x520.png 768w, https:\/\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/07\/FEF-Table-2-18x12.png 18w\" sizes=\"(max-width: 921px) 100vw, 921px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Upcoming price adjustments for the SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures, Swaps and Options<\/p>","protected":false},"featured_media":0,"template":"","class_list":["post-41406","announcement","type-announcement","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - 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