{"id":66943,"date":"2025-05-06T09:27:30","date_gmt":"2025-05-06T01:27:30","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=66943"},"modified":"2025-05-06T09:27:31","modified_gmt":"2025-05-06T01:27:31","slug":"6-may-2025-futures-product-ideas","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/6-may-2025-futures-product-ideas\/","title":{"rendered":"6 May 2025: Futures Product Ideas"},"content":{"rendered":"\n<div class=\"wp-block-uagb-separator uagb-block-b1f796a7\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:20px\"><strong>KGI Weekly Futures Update<\/strong><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-241c82f5\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Net Long\/Short and Price Comparison<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  We highlight the key price levels that each participant switches their positions between net long and net short based on 2024 data.\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024 <\/strong>\n<\/p><\/td><td><p><strong>Financial Institution (FI)<\/strong>\n<\/p><\/td><td><p><strong>Manage Money (MM)<\/strong>\n<\/p><\/td><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p><strong>Others<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>Net Long<\/strong>\n<\/p><\/td><td><p>\n  Below US$118\/mt\n<\/p><\/td><td><p>\n  Above US$118\/mt\n<\/p><\/td><td><p>\n  Below US$100\/mt\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><tr><td><p><strong>Net Short<\/strong>\n<\/p><\/td><td><p>\n  Above US$118\/mt\n<\/p><\/td><td><p>\n  Below US$115\/mt\n<\/p><\/td><td><p>\n  Above US$100\/mt\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>Net-position WoW Change<\/strong>\n<\/p><\/td><td><p><strong>Remarks<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>FI<\/strong>\n<\/p><\/td><td><p>\n  +14.04\n<\/p><\/td><td><p>\n  Increase for three consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  +20.48\n<\/p><\/td><td><p>\n  Increase after two consecutive weeks of decline.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  -16.26\n<\/p><\/td><td><p>\n  Decline after three consecutive weeks of incline.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -18.26\n<\/p><\/td><td><p>\n  Decline for two consecutive week.\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 1: Net-positions by participant segment and price comparison \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"972\" height=\"649\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66944\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long\/Short Traders Snapshot<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Managed Money. <\/strong>The number of MM with long positions rebounded back to 301 after falling for two consecutive weeks, rebounding from a low since January 2025 last week. Accordingly, the number of MM with short positions declined to 285 after rising for two consecutive weeks, retreating from a high since January 2025 last week. Seasonally, more MMs are prone to long in 1HQ4 and 2HQ2, and there are more MMs with short positions in 1HQ2 and 1HQ3.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  423\n<\/p><\/td><td><p>\n  427\n<\/p><\/td><td><p>\n  393\n<\/p><\/td><td><p>\n  248\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  176\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  154\n<\/p><\/td><td><p>\n  83\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 2: Number of position holders iron ore futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-66945\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Physicals. <\/strong>The number of physicals with long positions retreated slightly to 119 after rising for two consecutive weeks. Accordingly, the number of physicals with short positions also rose for three consecutive weeks to 151, reaching a high since February 2025. Seasonally, more physicals are prone to being long in 1Q, and there are more physicals with short positions in Q4.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  135\n<\/p><\/td><td><p>\n  145\n<\/p><\/td><td><p>\n  111\n<\/p><\/td><td><p>\n  147\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  77\n<\/p><\/td><td><p>\n  107\n<\/p><\/td><td><p>\n  68\n<\/p><\/td><td><p>\n  96\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 3: Number of position holders iron ore futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-66946\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Others. <\/strong>The number of others with long positions declined for two consecutive weeks to 74, reaching a low since December 2024, continuing on its general downtrend, while the number of others with short positions retreated marginally to 105 after rising consecutively for two weeks. <br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  134\n<\/p><\/td><td><p>\n  152\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  68\n<\/p><\/td><td><p>\n  83\n<\/p><\/td><td><p>\n  103\n<\/p><\/td><td><p>\n  101\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 4: Number of position holders iron ore futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"544\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-1.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66947\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-1-768x505.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Source: SGX, KGI Research <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-deeb4786\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX Baltic Panamax Time Charter Average Futures<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  We highlight the key price levels that each participants switches their positions between net long and net short based on 2024 data.\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024<\/strong>\n<\/p><\/td><td><p><strong>Financial Institution (FI)<\/strong>\n<\/p><\/td><td><p><strong>Manage Money (MM)<\/strong>\n<\/p><\/td><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p><strong>Others<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>Net Long<\/strong>\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  Above US$9,000\/t\n<\/p><\/td><td><p>\n  Below US$8,500\/t\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><tr><td><p><strong>Net Short<\/strong>\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  Below US$9,000\/t\n<\/p><\/td><td><p>\n  Above US$9,500\/t\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>Net-position WoW Change<\/strong>\n<\/p><\/td><td><p><strong>Remarks<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>FI<\/strong>\n<\/p><\/td><td><p>\n  -0.23\n<\/p><\/td><td><p>\n  Decline for two consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -0.32\n<\/p><\/td><td><p>\n  Decline for five consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +0.90\n<\/p><\/td><td><p>\n  Increase for five consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -0.35\n<\/p><\/td><td><p>\n  Decline for four consecutive weeks.\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 5: Net-positions by participant segment and price comparison \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"976\" height=\"662\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-2.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66948\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-2.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-2-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-2-768x521.png 768w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long\/Short Traders Snapshot<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Managed Money. <\/strong>The number of MM with long positions declined marginally to 21. On the other hand, the number of MM with short positions declined to 46 after two consecutive weeks of increase, retreating from a high since January 2025. Seasonally, More MM are prone to long in 1H, and there are more MM with short positions in 2H.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  47\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><td><p>\n  29\n<\/p><\/td><td><p>\n  33\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 6: Number of position holders freight futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated.png\" alt=\"A graph of a graph of a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-66949\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Physicals. <\/strong>The number of physicals with long positions declined marginally to 149 after increasing last week. Accordingly, the number of physicals with short positions increased to 87, representing two consecutive weeks of increase. The number of physicals has been on a general upward trend since 2Q, while physicals with short positions generally saw a downtrend since 2Q.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  171\n<\/p><\/td><td><p>\n  114\n<\/p><\/td><td><p>\n  120\n<\/p><\/td><td><p>\n  123\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  98\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  62\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 7: Number of position holders freight futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten.png\" alt=\"A graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-66950\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Others. <\/strong>The number of others with long positions remained stable at 22, stable at current levels since the start of 2025.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  43\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><td><p>\n  53\n<\/p><\/td><td><p>\n  45\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  31\n<\/p><\/td><td><p>\n  25\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 8: Number of position holders freight futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-3.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66951\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-3.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-3-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-3-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Source: SGX, KGI Research <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-4d1e69dd\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX SICOM Rubber Futures \u2013 TSR20<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Net Long\/Short and Price Comparison<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  We highlight the key price levels that each participants switches their positions between net long and net short based on 2024 data.\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024 <\/strong>\n<\/p><\/td><td><p><strong>Financial Institution (FI)<\/strong>\n<\/p><\/td><td><p><strong>Manage Money (MM)<\/strong>\n<\/p><\/td><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p><strong>Others<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>Net Long<\/strong>\n<\/p><\/td><td><p>\n  Below US$1.90\/kg\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><tr><td><p><strong>Net Short<\/strong>\n<\/p><\/td><td><p>\n  Above US$1.60\/kg\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><td><p>\n  NA\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>Net-position WoW Change<\/strong>\n<\/p><\/td><td><p><strong>Remarks<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>FI<\/strong>\n<\/p><\/td><td><p>\n  +0.37\n<\/p><\/td><td><p>\n  Increase for five consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -1.59\n<\/p><\/td><td><p>\n  Decline for five consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +4.73\n<\/p><\/td><td><p>\n  Increase for four consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -3.52\n<\/p><\/td><td><p>\n  Decline for four consecutive weeks.\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 9: Net-positions by participant segment and price comparison \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"972\" height=\"649\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-4.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66952\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-4.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-4-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-4-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long\/Short Traders Snapshot<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Managed Money. <\/strong>The number of MM with long positions declined for seven consecutive weeks to 49, representing a low in over two years. Accordingly, the number of MM with short positions declined to 76 after seven consecutive weeks of increase. <br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  114\n<\/p><\/td><td><p>\n  56\n<\/p><\/td><td><p>\n  89\n<\/p><\/td><td><p>\n  80\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  63\n<\/p><\/td><td><p>\n  21\n<\/p><\/td><td><p>\n  25\n<\/p><\/td><td><p>\n  27\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 10: Number of position holders rubber futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"833\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-5.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66953\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-5.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-5-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-5-768x501.png 768w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Physicals. <\/strong>The number of physicals with long positions rebounded back to 46 after declining a week ago, reaching a high in over two years. Accordingly, the number of physicals with short positions retreated for two consecutive weeks to 31, representing a low since August 2024. Seasonally, more physicals are prone to long in early Q3, and there are more physicals with short positions in Q4.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  43\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  26\n<\/p><\/td><td><p>\n  28\n<\/p><\/td><td><p>\n  24\n<\/p><\/td><td><p>\n  24\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 11: Number of position holders rubber futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-.png\" alt=\"A graph of a graph of a number of individuals\n\nAI-generated content may be incorrect.\" class=\"wp-image-66954\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai--300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai--768x500.png 768w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Others. <\/strong> The number of long holders increased marginally to 57 after remaining stable last week, representing a seven-week high. On the other hand, the number of short holders increased slightly to 40, representing a high since February 2025.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  77\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  82\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  26\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><td><p>\n  28\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 12: Number of position holders rubber futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"833\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-6.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66955\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-6.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-6-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-6-768x501.png 768w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>Participant Category<\/strong>\n<\/p><\/td><td><p><strong>Description<\/strong>\n<\/p><\/td><\/tr><tr><td><p>\n  Financial Institutions\n<\/p><\/td><td><p>\n  An entity, such as a broker trading desk, bank trading desk or swap dealer, that uses the futures markets to manage or hedge the risk.\n<\/p><\/td><\/tr><tr><td><p>\n  Managed Money\n<\/p><\/td><td><p>\n  An entity that is engaged in organized futures trading on behalf of funds or other special investment purpose vehicles such as Pension Funds, Asset Managers, Hedge Funds, Proprietary Trading Groups, Family Offices, etc.\n<\/p><\/td><\/tr><tr><td><p>\n  Physicals\n<\/p><\/td><td><p>\n  An entity that predominantly engages in the physical markets and uses the futures markets to manage or hedge risks associated with the conduct of those activities. Such activities could include the production, processing, trading, packing or handling of a physical commodity, or the provision of transportation, warehousing or distribution services.\n<\/p><\/td><\/tr><tr><td><p>\n  Others\n<\/p><\/td><td><p>\n  Every other trader that is not placed into one of the other three categories. E.g., Broker Agency, Bank Agency, Inter-Dealer Brokers, etc.\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-25471b88\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u51ef\u57fa\u8bc1\u5238\u671f\u8d27\u5468\u62a5 \u2013 5 \u6708 5 \u65e5<\/strong><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-00db6cd0\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX TSI \u94c1\u77ff\u77f3 CFR \u4e2d\u56fd\uff0862% \u94c1\u7c89\uff09\u6307\u6570\u671f\u8d27<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u51c0\u591a\u5934\/\u7a7a\u5934\u548c\u4ef7\u683c\u6bd4\u8f83<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u6211\u4eec\u6839\u636e2024\u5e74\u6570\u636e\uff0c\u7a81\u51fa\u4e86\u6bcf\u4e2a\u53c2\u4e0e\u8005\u5728\u51c0\u591a\u5934\u548c\u51c0\u7a7a\u5934\u4e4b\u95f4\u5207\u6362\u4ed3\u4f4d\u7684\u5173\u952e\u4ef7\u683c\u6c34\u5e73\u3002\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024 <\/strong>\n<\/p><\/td><td><p><strong>\u91d1\u878d\u673a\u6784 (FI)<\/strong>\n<\/p><\/td><td><p><strong>\u7ba1\u7406\u8d44\u91d1 (MM)<\/strong>\n<\/p><\/td><td><p><strong>\u5b9e\u7269\u4ea4\u5272(Physicals)<\/strong>\n<\/p><\/td><td><p><strong>\u5176\u4ed6 (Others)<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u591a\u5934<\/strong>\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 118 \u7f8e\u5143\/\u5428\n<\/p><\/td><td><p>\n  118 \u7f8e\u5143\/\u5428\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 100 \u7f8e\u5143\/\u5428\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u7a7a\u5934<\/strong>\n<\/p><\/td><td><p>\n  118 \u7f8e\u5143\/\u5428\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 115 \u7f8e\u5143\/\u5428\n<\/p><\/td><td><p>\n  100 \u7f8e\u5143\/\u5428\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>\u51c0\u4ed3\u4f4d\u6309\u5468\u53d8\u5316<\/strong>\n<\/p><\/td><td><p><strong>\u5907\u6ce8<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u91d1\u878d\u673a\u6784<\/strong>\n<\/p><\/td><td><p>\n  +14.04\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e09\u5468\u4e0a\u6da8\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  +20.48\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u540e\u53cd\u5f39\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  -16.26\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e09\u5468\u4e0a\u6da8\u540e\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -18.26\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 1\uff1a\u6309\u53c2\u4e0e\u8005\u7ec6\u5206\u7684\u51c0\u6301\u4ed3\u548c\u4ef7\u683c\u6bd4\u8f83 \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"972\" height=\"649\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-7.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66956\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-7.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-7-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-7-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u591a\u5934\/\u7a7a\u5934\u4ea4\u6613\u7b80\u62a5<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u7ba1\u7406\u8d44\u91d1\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u6570\u76ee\u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u540e\u53cd\u5f39\u81f3301\u5bb6\uff0c\u4ece 2025\u5e741\u6708\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\u53cd\u5f39\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u6570\u76ee\u5728\u8fde\u7eed\u4e24\u5468\u4e0a\u5347\u540e\u56de\u843d\u81f3323\u5bb6\uff0c\u4ece2025\u5e741\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u56de\u843d\u3002\u5b63\u8282\u6027\u6765\u770b\uff0c\u66f4\u591a\u7ba1\u7406\u8d44\u91d1\u503e\u5411\u4e8e\u5728\u7b2c\u56db\u5b63\u4e0a\u534a\u65ec\u548c\u7b2c\u4e8c\u5b63\u4e0b\u534a\u65ec\u6301\u6709\u591a\u5934\uff0c\u800c\u5728\u7b2c\u4e8c\u5b63\u4e0a\u534a\u65ec\u548c\u7b2c\u4e09\u5b63\u4e0a\u534a\u65ec\u6301\u6709\u7a7a\u5934\u7684\u7ba1\u7406\u8d44\u91d1\u8f83\u591a\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  423\n<\/p><\/td><td><p>\n  427\n<\/p><\/td><td><p>\n  393\n<\/p><\/td><td><p>\n  248\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  176\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  154\n<\/p><\/td><td><p>\n  83\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 2\uff1a\u94c1\u77ff\u77f3\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-1.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-66957\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-1-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9e\u7269\u4ea4\u5272\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e24\u5468\u4e0a\u5347\u540e\u7a0d\u5fae\u56de\u843d\u81f3119\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e09\u5468\u4e0a\u5347\u81f3151\u5bb6\uff0c\u8fbe\u5230\u4e862025\u5e742\u6708\u4ee5\u6765\u9ad8\u4f4d\u3002\u5b63\u8282\u6027\u6765\u770b\uff0c\u66f4\u591a\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u503e\u5411\u4e8e\u5728\u7b2c\u4e00\u5b63\u5ea6\u6301\u6709\u591a\u5934\uff0c\u800c\u5728\u7b2c\u56db\u5b63\u5ea6\u6301\u6709\u7a7a\u5934\u7684\u5b9e\u7269\u4ea4\u5272\u8f83\u591a\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  135\n<\/p><\/td><td><p>\n  145\n<\/p><\/td><td><p>\n  111\n<\/p><\/td><td><p>\n  147\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  77\n<\/p><\/td><td><p>\n  107\n<\/p><\/td><td><p>\n  68\n<\/p><\/td><td><p>\n  96\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 3\uff1a\u94c1\u77ff\u77f3\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-1.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-66958\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-1-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5176\u4ed6\u3002<\/strong>\u5176\u4ed6\u7c7b\u522b\u591a\u5934\u6301\u4ed3\u6570\u91cf\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f374\u5bb6\uff0c\u4e3a2024\u5e7412\u6708\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\uff0c\u5ef6\u7eed\u4e86\u603b\u4f53\u4e0b\u964d\u8d8b\u52bf\uff0c\u800c\u7a7a\u5934\u6301\u4ed3\u4eba\u6570\u4e5f\u8fde\u7eed\u4e24\u5468\u5c0f\u5e45\u4e0a\u5347\u540e\u7565\u5fae\u56de\u843d\u81f3105\u5bb6\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  131\n<\/p><\/td><td><p>\n  134\n<\/p><\/td><td><p>\n  152\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  68\n<\/p><\/td><td><p>\n  83\n<\/p><\/td><td><p>\n  103\n<\/p><\/td><td><p>\n  101\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 4\uff1a\u94c1\u77ff\u77f3\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"544\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-8.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66959\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-8.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-8-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-8-768x505.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76 <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-38a5c31d\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX \u6ce2\u7f57\u7684\u6d77\u5df4\u62ff\u9a6c\u578b\u8239\u5e73\u5747\u671f\u79df\u671f\u8d27<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u6211\u4eec\u6839\u636e2024\u5e74\u6570\u636e\uff0c\u7a81\u51fa\u4e86\u6bcf\u4e2a\u53c2\u4e0e\u8005\u5728\u51c0\u591a\u5934\u548c\u51c0\u7a7a\u5934\u4e4b\u95f4\u5207\u6362\u4ed3\u4f4d\u7684\u5173\u952e\u4ef7\u683c\u6c34\u5e73\u3002\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024<\/strong>\n<\/p><\/td><td><p><strong>\u91d1\u878d\u673a\u6784 (FI)<\/strong>\n<\/p><\/td><td><p><strong>\u7ba1\u7406\u8d44\u91d1 (MM)<\/strong>\n<\/p><\/td><td><p><strong>\u5b9e\u7269\u4ea4\u5272(Physicals)<\/strong>\n<\/p><\/td><td><p><strong>\u5176\u4ed6 (Others)<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u591a\u5934<\/strong>\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  9,000 \u7f8e\u5143\/\u5428\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 8,500 \u7f8e\u5143\/\u5428\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u7a7a\u5934<\/strong>\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 9,000 \u7f8e\u5143\/\u5428\n<\/p><\/td><td><p>\n  9,500 \u7f8e\u5143\/\u5428\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>\u51c0\u4ed3\u4f4d\u6309\u5468\u53d8\u5316<\/strong>\n<\/p><\/td><td><p><strong>\u5907\u6ce8<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u91d1\u878d\u673a\u6784<\/strong>\n<\/p><\/td><td><p>\n  -0.23\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -0.32\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +0.90\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u4e0a\u5347\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -0.35\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 5\uff1a\u6309\u53c2\u4e0e\u8005\u7c7b\u522b\u5212\u5206\u7684\u51c0\u4ed3\u4f4d\u53ca\u4ef7\u683c\u6bd4\u8f83\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"976\" height=\"662\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-9.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66960\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-9.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-9-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-9-768x521.png 768w\" sizes=\"(max-width: 976px) 100vw, 976px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u591a\u5934\/\u7a7a\u5934\u4ea4\u6613\u8005\u5feb\u7167<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u7ba1\u7406\u8d44\u91d1\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u505a\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u7565\u5fae\u4e0b\u964d\u81f321\u5bb6\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e24\u5468\u589e\u52a0\u540e\u56de\u843d\u81f346\u5bb6\uff0c\u4ece\u4eca\u5e74\u4e00\u6708\u4efd\u6708\u4ee5\u6765\u6700\u9ad8\u6c34\u5e73\u56de\u843d\u3002\u5b63\u8282\u6027\u6765\u770b\uff0c\u66f4\u591a\u7ba1\u7406\u8d44\u91d1\u503e\u5411\u4e8e\u5728\u4e0a\u534a\u5e74\u6301\u6709\u591a\u5934\uff0c\u800c\u5728\u4e0b\u534a\u5e74\u6301\u6709\u7a7a\u5934\u7684\u7ba1\u7406\u8d44\u91d1\u8f83\u591a\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  47\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><td><p>\n  29\n<\/p><\/td><td><p>\n  33\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 6\uff1a  \u8fd0\u8d39\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-1.png\" alt=\"A graph of a graph of a stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-66961\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-stock-market-ai-generated-1-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9e\u7269\u4ea4\u5272\u3002 <\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u91cf\u7565\u5fae\u4e0b\u964d\u81f3149\u5bb6\uff0c\u6b64\u524d\u4e0a\u5468\u6709\u6240\u589e\u52a0\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e24\u5468\u4e0a\u5347\u81f387\u5bb6\u3002\u81ea\u53bb\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4ee5\u6765\uff0c\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u603b\u4f53\u5448\u4e0a\u5347\u8d8b\u52bf\uff0c\u800c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u81ea\u53bb\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4ee5\u6765\u603b\u4f53\u5448\u4e0b\u964d\u8d8b\u52bf\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  171\n<\/p><\/td><td><p>\n  114\n<\/p><\/td><td><p>\n  120\n<\/p><\/td><td><p>\n  123\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  98\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  62\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 7\uff1a  \u8fd0\u8d39\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-1.png\" alt=\"A graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-66962\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-1-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5176\u4ed6\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u5176\u4ed6\u7c7b\u522b\u6295\u8d44\u8005\u6570\u91cf\u7ef4\u6301\u572822\u5bb6\uff0c\u81ea2025\u5e74\u521d\u4ee5\u6765\u4e00\u76f4\u7a33\u5b9a\u5728\u8be5\u6c34\u5e73\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  43\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><td><p>\n  53\n<\/p><\/td><td><p>\n  45\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  20\n<\/p><\/td><td><p>\n  31\n<\/p><\/td><td><p>\n  25\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 8\uff1a  \u8fd0\u8d39\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-10.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66963\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-10.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-10-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-10-768x504.png 768w\" sizes=\"(max-width: 827px) 100vw, 827px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76 <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-0b649e23\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:22px\"><strong>SGX SICOM \u6a61\u80f6\u671f\u8d27 \u2013 TSR20<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u51c0\u591a\u5934\/\u7a7a\u5934\u53ca\u4ef7\u683c\u6bd4\u8f83<\/strong>\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u6211\u4eec\u6839\u636e2024\u5e74\u6570\u636e\uff0c\u7a81\u51fa\u4e86\u6bcf\u4e2a\u53c2\u4e0e\u8005\u5728\u51c0\u591a\u5934\u548c\u51c0\u7a7a\u5934\u4e4b\u95f4\u5207\u6362\u4ed3\u4f4d\u7684\u5173\u952e\u4ef7\u683c\u6c34\u5e73\u3002\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>2024 <\/strong>\n<\/p><\/td><td><p><strong>\u91d1\u878d\u673a\u6784 (FI)<\/strong>\n<\/p><\/td><td><p><strong>\u7ba1\u7406\u8d44\u91d1 (MM)<\/strong>\n<\/p><\/td><td><p><strong>\u5b9e\u7269\u4ea4\u5272(Physicals)<\/strong>\n<\/p><\/td><td><p><strong>\u5176\u4ed6 (Others)<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u591a\u5934<\/strong>\n<\/p><\/td><td><p>\n  \u4f4e\u4e8e 1.90 \u7f8e\u5143\/\u516c\u65a4\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><tr><td><p><strong>\u51c0\u7a7a\u5934<\/strong>\n<\/p><\/td><td><p>\n  1.60 \u7f8e\u5143\/\u516c\u65a4\u4ee5\u4e0a\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><td><p>\n  \u65e0\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><p><strong>\u51c0\u4ed3\u4f4d\u6309\u5468\u53d8\u5316<\/strong>\n<\/p><\/td><td><p><strong>\u5907\u6ce8<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u91d1\u878d\u673a\u6784<\/strong>\n<\/p><\/td><td><p>\n  +0.37\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u4e0a\u6da8\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -1.59\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +4.73\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u589e\u52a0\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -3.52\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 9\uff1a\u6309\u53c2\u4e0e\u8005\u7c7b\u522b\u5212\u5206\u7684\u51c0\u4ed3\u4f4d\u53ca\u4ef7\u683c\u6bd4\u8f83\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"972\" height=\"649\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-11.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66964\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-11.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-11-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-11-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u591a\u5934\/\u7a7a\u5934\u4ea4\u6613\u8005\u5feb\u7167<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u7ba1\u7406\u8d44\u91d1\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e03\u5468\u4e0b\u8dcc\u81f349\u5bb6\uff0c\u4e3a\u4e24\u5e74\u4ee5\u6765\u7684\u65b0\u4f4e\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u5df2\u8fde\u7eed\u4e03\u5468\u4e0a\u5347\u540e\u56de\u843d\u81f376\u5bb6\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  114\n<\/p><\/td><td><p>\n  56\n<\/p><\/td><td><p>\n  89\n<\/p><\/td><td><p>\n  80\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  63\n<\/p><\/td><td><p>\n  21\n<\/p><\/td><td><p>\n  25\n<\/p><\/td><td><p>\n  27\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 10\uff1a\u6a61\u80f6\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"833\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-12.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66965\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-12.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-12-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-12-768x501.png 768w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a\u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9e\u7269\u4ea4\u5272\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u5728\u4e00\u5468\u524d\u4e0b\u8dcc\u540e\u53cd\u5f39\u81f346\u5bb6\uff0c\u4e3a\u4e24\u5e74\u6765\u65b0\u9ad8\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u5728\u8fde\u7eed\u4e24\u5468\u56de\u843d\u81f331\u5bb6\uff0c\u521b2024\u5e748\u6708\u4ee5\u6765\u7684\u65b0\u4f4e\u3002\u4ece\u5b63\u8282\u6027\u6765\u770b\uff0c\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u5728\u7b2c\u4e09\u5b63\u5ea6\u521d\u66f4\u503e\u5411\u4e8e\u6301\u6709\u591a\u5934\u5934\u5bf8\uff0c\u800c\u5728\u7b2c\u56db\u5b63\u5ea6\u5219\u66f4\u591a\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  43\n<\/p><\/td><td><p>\n  39\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  26\n<\/p><\/td><td><p>\n  28\n<\/p><\/td><td><p>\n  24\n<\/p><\/td><td><p>\n  24\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe11\uff1a\u6a61\u80f6\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-1-1.png\" alt=\"A graph of a graph of a number of individuals\n\nAI-generated content may be incorrect.\" class=\"wp-image-66966\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-1-1.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-1-1-300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-individuals-ai-1-1-768x500.png 768w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a\u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5176\u4ed6\u3002 <\/strong> \u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u6295\u8d44\u8005\u6570\u91cf\u7565\u5fae\u4e0a\u5347\u81f357\u5bb6\uff0c\u521b\u4e03\u5468\u65b0\u9ad8\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u6295\u8d44\u8005\u6570\u91cf\u7565\u5fae\u4e0a\u5347\u81f340\u5bb6\uff0c\u8fbe\u52302025\u5e742\u6708\u4ee5\u6765\u65b0\u9ad8\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024<\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  77\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  82\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  48\n<\/p><\/td><td><p>\n  26\n<\/p><\/td><td><p>\n  51\n<\/p><\/td><td><p>\n  28\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 12\uff1a\u6301\u4ed3\u6a61\u80f6\u671f\u8d27\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"833\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-13.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-66967\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-13.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-13-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-13-768x501.png 768w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a\u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><p><strong>\u53c2\u4e0e\u8005\u7c7b\u522b<\/strong>\n<\/p><\/td><td><p><strong>\u63cf\u8ff0<\/strong>\n<\/p><\/td><\/tr><tr><td><p>\n  \u91d1\u878d\u673a\u6784\n<\/p><\/td><td><p>\n  \u4f7f\u7528\u671f\u8d27\u5e02\u573a\u7ba1\u7406\u6216\u5bf9\u51b2\u98ce\u9669\u7684\u5b9e\u4f53\uff0c\u5982\u7ecf\u7eaa\u5546\u4ea4\u6613\u53f0\u3001\u94f6\u884c\u4ea4\u6613\u53f0\u6216\u4e92\u6362\u4ea4\u6613\u5546\u3002\n<\/p><\/td><\/tr><tr><td><p>\n  \u7ba1\u7406\u8d44\u91d1\n<\/p><\/td><td><p>\n  \u4ee3\u8868\u57fa\u91d1\u6216\u5176\u4ed6\u7279\u6b8a\u6295\u8d44\u76ee\u7684\u5de5\u5177\uff08\u5982\u517b\u8001\u57fa\u91d1\u3001\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u3001\u5bf9\u51b2\u57fa\u91d1\u3001\u81ea\u8425\u4ea4\u6613\u96c6\u56e2\u3001\u5bb6\u65cf\u529e\u516c\u5ba4\u7b49\uff09\u4ece\u4e8b\u6709\u7ec4\u7ec7\u7684\u671f\u8d27\u4ea4\u6613\u7684\u5b9e\u4f53\u3002\n<\/p><\/td><\/tr><tr><td><p>\n  \u5b9e\u7269\u4ea4\u5272\n<\/p><\/td><td><p>\n  \u4e3b\u8981\u4ece\u4e8b\u5b9e\u7269\u5e02\u573a\u5e76\u4f7f\u7528\u671f\u8d27\u5e02\u573a\u7ba1\u7406\u6216\u5bf9\u51b2\u4e0e\u8fd9\u4e9b\u6d3b\u52a8\u76f8\u5173\u98ce\u9669\u7684\u5b9e\u4f53\u3002\u8fd9\u4e9b\u6d3b\u52a8\u53ef\u80fd\u5305\u62ec\u751f\u4ea7\u3001\u52a0\u5de5\u3001\u8d38\u6613\u3001\u5305\u88c5\u6216\u5904\u7406\u5b9e\u7269\u5546\u54c1\uff0c\u6216\u63d0\u4f9b\u8fd0\u8f93\u3001\u4ed3\u50a8\u6216\u5206\u9500\u670d\u52a1\u3002\n<\/p><\/td><\/tr><tr><td><p>\n  \u5176\u4ed6\n<\/p><\/td><td><p>\n  \u672a\u5f52\u7c7b\u5230\u4e0a\u8ff0\u4e09\u7c7b\u4e2d\u7684\u5176\u4ed6\u4ea4\u6613\u8005\uff0c\u4f8b\u5982\u7ecf\u7eaa\u4ee3\u7406\u3001\u94f6\u884c\u4ee3\u7406\u3001\u4ea4\u6613\u5546\u95f4\u7ecf\u7eaa\u5546\u7b49\u3002\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-971ecb1b wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.kgieworld.sg\/research\/KGISGWA\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png\" alt=\"\" class=\"uag-image-59753\" width=\"637\" height=\"174\" title=\"Get more from KGI on WhatsApp.\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n\n\n","protected":false},"excerpt":{"rendered":"<p>KGI Weekly Futures Update SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures Net Long\/Short and Price Comparison We highlight the key price levels that each participant switches their positions between net long and net short based on 2024 data. 2024 Financial Institution (FI) Manage Money (MM) Physicals Others Net Long Below US$118\/mt [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":22945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[34],"tags":[],"class_list":["post-66943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-product-ideas"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"KGI Weekly Futures Update SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures Net Long\/Short and Price Comparison We highlight the key price levels that each 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