{"id":67358,"date":"2025-05-13T10:58:05","date_gmt":"2025-05-13T02:58:05","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67358"},"modified":"2025-05-13T10:58:07","modified_gmt":"2025-05-13T02:58:07","slug":"13-may-2025-futures-product-ideas","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/","title":{"rendered":"13 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  +8.90\n<\/p><\/td><td><p>\n  Increase for four consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -39.55\n<\/p><\/td><td><p>\n  Decline for a week.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +26.31\n<\/p><\/td><td><p>\n  Increase for a week.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  +4.34\n<\/p><\/td><td><p>\n  Increase for a week after declining for two consecutive weeks.\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-14.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67359\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-14.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-14-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-14-768x513.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 fell to 277 after rebounding a week ago. Accordingly, the number of MM with short positions rose to 321 after declining a week ago. 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-2.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67360\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-2.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-2-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-2-768x504.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 for two consecutive weeks to 106 after two consecutive weeks of increase. Accordingly, the number of physicals with short positions declined to 141, falling from a high since February 2025 a week ago. 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-graph-showing-the-number-of-physicals.png\" alt=\"A graph of a graph showing the number of physicals and physicals\n\nAI-generated content may be incorrect.\" class=\"wp-image-67361\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals-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 three consecutive weeks to 70, reaching a low since December 2024, continuing on its general downtrend. The number of others with short positions retreated for two consecutive weeks to 100 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-15.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67362\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-15.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-15-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-15-768x505.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-da105353\"><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  -0.01\n<\/p><\/td><td><p>\n  Decline for three consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  +3.26\n<\/p><\/td><td><p>\n  Increase for a week after declining for five consecutive weeks, the largest increase since February 2025.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  -2.83\n<\/p><\/td><td><p>\n  Decrease for a week after five consecutive weeks of increase, the largest decrease since February 2025.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -0.42\n<\/p><\/td><td><p>\n  Decline for five consecutive weeks, the largest decline since July 2024.\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-16.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67363\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-16.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-16-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-16-768x521.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 a week ago. On the other hand, the number of MM with short positions rebounded marginally to 47 after declining a week ago. 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-money-ai-generated-content.png\" alt=\"A graph of a graph of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67364\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-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 for two consecutive weeks to 148. Accordingly, the number of physicals with short positions declined to 80 after two consecutive weeks of increase, and represents a low since January 2025. The number of physicals has been on a general upward trend since 2Q24, while physicals with short positions generally saw a downtrend since 2Q24.<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-2.png\" alt=\"A graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-67365\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-2.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-2-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-2-768x504.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-17.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67366\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-17.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-17-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-17-768x504.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-f296565c\"><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  +0.38\n<\/p><\/td><td><p>\n  Increase for six consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -1.47\n<\/p><\/td><td><p>\n  Decline for six consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +1.43\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  -0.32\n<\/p><\/td><td><p>\n  Decline for five 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-18.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67367\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-18.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-18-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-18-768x513.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 remained stable at 49 after declining for seven consecutive weeks, and represents a low in over two years. Accordingly, the number of MM with short positions rebounded marginally to 77 after declining a week ago, continuing on a general upward trend. <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-19.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67368\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-19.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-19-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-19-768x501.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 increased for two consecutive weeks to 48, representing a high in over two years. Accordingly, the number of physicals with short positions rebounded to 34 after two consecutive weeks of marginal decline. 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-numbers-ai-gene.png\" alt=\"A graph of a graph of a number of numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-67369\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene-300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene-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 decreased to 54 after increasing marginally a week ago. On the other hand, the number of short holders declined to 37 after increasing a week ago.<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-20.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67370\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-20.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-20-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-20-768x501.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-73a77cec\"><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-2b9d2d0c\"><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  +8.90\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u4e0a\u6da8\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -39.55\n<\/p><\/td><td><p>\n  \u4e0a\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +26.31\n<\/p><\/td><td><p>\n  \u4e0a\u5468\u4e0a\u6da8\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  +4.34\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u540e\u53cd\u5f39\u4e0a\u6da8\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-21.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67371\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-21.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-21-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-21-768x513.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\u5728\u4e00\u5468\u524d\u53cd\u5f39\u540e\u4e0b\u964d\u81f3277\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u6570\u76ee\u5728\u4e00\u5468\u524d\u4e0b\u964d\u540e\u53cd\u5f39\u4e0a\u6da8\u81f3321\u5bb6\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-3.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67372\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-3.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-3-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-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\">\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\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f3106\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u4ece\u4e00\u5468\u524d\u76842025\u5e742\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u51cf\u5c11\u5230141\u5bb6\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-graph-showing-the-number-of-physicals-1.png\" alt=\"A graph of a graph showing the number of physicals and physicals\n\nAI-generated content may be incorrect.\" class=\"wp-image-67373\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-number-of-physicals-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\u4e09\u5468\u4e0b\u964d\u81f370\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\u6570\u91cf\u4e5f\u8fde\u7eed\u4e24\u5468\u5c0f\u5e45\u4e0a\u5347\u540e\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f3100\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-22.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67374\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-22.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-22-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-22-768x505.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-2c896b4b\"><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  -0.01\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e09\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  +3.26\n<\/p><\/td><td><p>\n  \u5728\u8fde\u7eed\u4e94\u5468\u4e0b\u964d\u540e\u4e0a\u5468\u53cd\u5f39\u4e0a\u6da8\uff0c\u8fd9\u662f2025\u5e742\u6708\u4ee5\u6765\u7684\u6700\u5927\u589e\u5e45\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  -2.83\n<\/p><\/td><td><p>\n  \u5728\u8fde\u7eed\u4e94\u5468\u4e0a\u6da8\u4e4b\u540e\u4e0a\u5468\u4e0b\u8dcc\uff0c\u8fd9\u662f\u81ea 2025 \u5e74 2 \u6708\u4ee5\u6765\u7684\u6700\u5927\u8dcc\u5e45\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -0.42\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u4e0b\u8dcc\uff0c\u4e3a 2024 \u5e74 7 \u6708\u4ee5\u6765\u7684\u6700\u5927\u8dcc\u5e45\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-23.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67375\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-23.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-23-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-23-768x521.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\u5c0f\u5e45\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\u5728\u4e00\u5468\u4e0b\u964d\u540e\u5c0f\u5e45\u56de\u5347\u81f347\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-money-ai-generated-content-1.png\" alt=\"A graph of a graph of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67376\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-1.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-1-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-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\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f3148\u5bb6\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\u540e\u4e0b\u964d\u81f380\u5bb6\uff0c\u4e3a2025\u5e741\u6708\u4ee5\u6765\u6700\u4f4e\u6c34\u5e73\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-3.png\" alt=\"A graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-67377\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-3.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-3-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-people-ai-generated-conten-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\">\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-24.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67378\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-24.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-24-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-24-768x504.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-b8a1af42\"><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  +0.38\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\u5468\u4e0a\u6da8\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -1.47\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +1.43\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e94\u5468\u589e\u52a0\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/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><\/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-25.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67379\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-25.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-25-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-25-768x513.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\u540e\u7a33\u5b9a\u572849\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\u5728\u4e00\u5468\u524d\u4e0b\u964d\u540e\u5c0f\u5e45\u56de\u5347\u81f377\u5bb6\uff0c\u7ee7\u7eed\u4fdd\u6301\u603b\u4f53\u4e0a\u5347\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  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-26.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67380\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-26.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-26-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-26-768x501.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\u8fde\u7eed\u4e24\u5468\u4e0a\u5347\u81f348\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\u540e\u4e0a\u5347\u81f334\u5bb6\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-numbers-ai-gene-1.png\" alt=\"A graph of a graph of a number of numbers\n\nAI-generated content may be incorrect.\" class=\"wp-image-67381\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene-1.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene-1-300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-numbers-ai-gene-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\u5728\u4e00\u5468\u5c0f\u5e45\u4e0a\u6da8\u540e\u56de\u843d\u81f354\u5bb6\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u6295\u8d44\u8005\u6570\u91cf\u5728\u4e00\u5468\u4e0a\u5347\u540e\u56de\u843d\u81f337\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  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-27.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67382\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-27.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-27-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-27-768x501.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-67358","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 participant switches their positions between net long and net short based on 2024 data. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"wealth product ideas\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og: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 participant switches their positions between net long and net short based on 2024 data. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-05-13T02:58:05+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-05-13T02:58:07+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter: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 participant switches their positions between net long and net short based on 2024 data. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#blogposting\",\"name\":\"13 May 2025: Futures Product Ideas \\u2022 KGI Singapore Research\",\"headline\":\"13 May 2025: Futures Product Ideas\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Thumbnail-154.jpg?wsr\",\"width\":275,\"height\":183},\"datePublished\":\"2025-05-13T10:58:05+08:00\",\"dateModified\":\"2025-05-13T10:58:07+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#webpage\"},\"articleSection\":\"Wealth Product Ideas\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/wealth-product-ideas\\\/#listItem\",\"name\":\"Wealth Product Ideas\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/wealth-product-ideas\\\/#listItem\",\"position\":2,\"name\":\"Wealth Product Ideas\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/wealth-product-ideas\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#listItem\",\"name\":\"13 May 2025: Futures Product Ideas\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#listItem\",\"position\":3,\"name\":\"13 May 2025: Futures Product Ideas\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/wealth-product-ideas\\\/#listItem\",\"name\":\"Wealth Product Ideas\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/\",\"name\":\"Jiong Han Lee\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Jiong Han Lee\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/\",\"name\":\"13 May 2025: Futures Product Ideas \\u2022 KGI Singapore Research\",\"description\":\"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. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Thumbnail-154.jpg?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#mainImage\",\"width\":275,\"height\":183},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/13-may-2025-futures-product-ideas\\\/#mainImage\"},\"datePublished\":\"2025-05-13T10:58:05+08:00\",\"dateModified\":\"2025-05-13T10:58:07+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research","description":"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. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research","canonical_url":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/","robots":"max-image-preview:large","keywords":"wealth product ideas","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#blogposting","name":"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research","headline":"13 May 2025: Futures Product Ideas","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr","width":275,"height":183},"datePublished":"2025-05-13T10:58:05+08:00","dateModified":"2025-05-13T10:58:07+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#webpage"},"articleSection":"Wealth Product Ideas"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/wealth-product-ideas\/#listItem","name":"Wealth Product Ideas"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/wealth-product-ideas\/#listItem","position":2,"name":"Wealth Product Ideas","item":"https:\/\/www.kgieworld.sg\/research\/category\/wealth-product-ideas\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#listItem","name":"13 May 2025: Futures Product Ideas"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#listItem","position":3,"name":"13 May 2025: Futures Product Ideas","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/wealth-product-ideas\/#listItem","name":"Wealth Product Ideas"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/","name":"Jiong Han Lee","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g","width":96,"height":96,"caption":"Jiong Han Lee"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/","name":"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research","description":"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. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#mainImage","width":275,"height":183},"primaryImageOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/#mainImage"},"datePublished":"2025-05-13T10:58:05+08:00","dateModified":"2025-05-13T10:58:07+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research","og:description":"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. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research","og:url":"https:\/\/www.kgieworld.sg\/research\/13-may-2025-futures-product-ideas\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2025-05-13T02:58:05+00:00","article:modified_time":"2025-05-13T02:58:07+00:00","twitter:card":"summary","twitter:title":"13 May 2025: Futures Product Ideas \u2022 KGI Singapore Research","twitter:description":"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. Figure 1: Net-positions by participant segment and price comparison Source: SGX, KGI Research","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"67358","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-6707342d7d5af","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2025-05-13 02:48:23","updated":"2025-06-07 03:24:11","seo_analyzer_scan_date":null},"uagb_featured_image_src":{"full":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false],"thumbnail":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154-150x150.jpg?wsr",150,150,true],"medium":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false],"medium_large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false],"large":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false],"1536x1536":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false],"2048x2048":["https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2023\/01\/Thumbnail-154.jpg?wsr",275,183,false]},"uagb_author_info":{"display_name":"Jiong Han Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"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;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=67358"}],"version-history":[{"count":1,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67358\/revisions"}],"predecessor-version":[{"id":67383,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67358\/revisions\/67383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media\/22945"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=67358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=67358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=67358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}