In today’s briefing:
- Oil, Rates & Slower Growth Outlook Steered Markets in 3Q23
- First ammonia swap traded in Asia on SGX
Oil, Rates & Slower Growth Outlook Steered Markets in 3Q23
- In 3Q23, the STI generated a total return, marginally outpacing the FTSE ASEAN Extended 60 Index with a 1% total return and FTSE APAC Index with a 1.1% decline in total return.
- Sembcorp and Keppel, which are both pivoting to sustainable solutions, averaged 3.6% declines in total return over the quarter.
- The iEdge SG Adv Manufacturing Index generated a 0.5% decline in total return in 2023, bringing its 9-month decline in total return to 1.8%.
First ammonia swap traded in Asia on SGX
- SGX Commodities is expanding its energy and petrochemical risk management offering with the addition of https://www.sgx.com/derivatives/products/ammonia.
- The listing of ammonia derivatives underscores SGX Group’s commitment in fostering the global transition towards a low carbon energy matrix by providing relevant tools and solutions that empower the industry with the necessary risk management tools in this transition journey.” A SGX Argus Ammonia CFR East Asia calendar spread trade was completed yesterday, between OQ Trading Limited and SK Chemical Trading (HK) Limited, brokered by SCB Environmental Markets SA.
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