{"id":67837,"date":"2025-05-20T10:26:15","date_gmt":"2025-05-20T02:26:15","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67837"},"modified":"2025-05-20T10:26:16","modified_gmt":"2025-05-20T02:26:16","slug":"20-may-2025-futures-product-ideas","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/20-may-2025-futures-product-ideas\/","title":{"rendered":"20 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  -1.64\n<\/p><\/td><td><p>\n  Declined after four consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -2.26\n<\/p><\/td><td><p>\n  Declined for two weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +6.54\n<\/p><\/td><td><p>\n  Increase for two weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -2.64\n<\/p><\/td><td><p>\n  Continued its general downtrend from previous weeks\u2019 incline.\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-28.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67838\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-28.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-28-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-28-768x513.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 for two consecutive weeks to 268. Accordingly, the number of MM with short positions rose for two consecutive weeks, marginally rising last week to 322. 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-4.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67839\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-4.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-4-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-4-768x504.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 rebounded marginally for a week to 107 after retreating for two consecutive weeks. Accordingly, the number of physicals with short positions rebounded marginally to 142 after declining last week. Seasonally, more physicals are prone to being long in 1Q, and there are more physicals with short positions in Q4.<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><td><p><strong>Long<\/strong>\n<\/p><\/td><td><p><strong>Short<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>High<\/strong>\n<\/p><\/td><td><p>\n  135\n<\/p><\/td><td><p>\n  145\n<\/p><\/td><td><p>\n  111\n<\/p><\/td><td><p>\n  147\n<\/p><\/td><\/tr><tr><td><p><strong>Low<\/strong>\n<\/p><\/td><td><p>\n  77\n<\/p><\/td><td><p>\n  107\n<\/p><\/td><td><p>\n  68\n<\/p><\/td><td><p>\n  96\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 3: Number of position holders iron ore futures\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-2.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-67840\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-2.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-2-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-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 70 after declining for three consecutive weeks, remaining at a low since December 2024,  and continues on a general downtrend. The number of others with short positions rose to 113 after retreating for two consecutive 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-29.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67841\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-29.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-29-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-29-768x505.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-be82597a\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<p class=\"has-text-align-left 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  -0.03\n<\/p><\/td><td><p>\n  Decline for four consecutive weeks. \n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -1.30\n<\/p><\/td><td><p>\n  Continued a general downtrend from the previous week\u2019s increase.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  1.50\n<\/p><\/td><td><p>\n  Continued a general uptrend from the previous week\u2019s decline.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -0.17\n<\/p><\/td><td><p>\n  Decline for six consecutive weeks.\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  Figure 5: Net-positions by participant segment and price comparison \n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"976\" height=\"662\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-30.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67842\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-30.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-30-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-30-768x521.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 maintained at 21 two weeks ago. On the other hand, the number of MM with short positions remained stable at 47 after rebounding marginally from 46 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-2.png\" alt=\"A graph of a graph of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67843\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-2.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-2-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-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 declined marginally for three consecutive weeks to 145. Accordingly, the number of physicals with short positions rebounded to 83 after declining to a low since January 2025 last week. 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-graphs-ai-generated-conten-3.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-67844\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-3.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-3-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-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  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 marginally to 21, compared to 22 at the end of March, but remained 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-31.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67845\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-31.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-31-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-31-768x504.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-b0f36f03\"><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  -1.20\n<\/p><\/td><td><p>\n  Decline for a week after increase for six consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>MM<\/strong>\n<\/p><\/td><td><p>\n  -0.26\n<\/p><\/td><td><p>\n  Decline for seven consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Physicals<\/strong>\n<\/p><\/td><td><p>\n  +2.17\n<\/p><\/td><td><p>\n  Increase for six consecutive weeks.\n<\/p><\/td><\/tr><tr><td><p><strong>Others<\/strong>\n<\/p><\/td><td><p>\n  -0.71\n<\/p><\/td><td><p>\n  Decline for six 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-32.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67846\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-32.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-32-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-32-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  Source: SGX, KGI Research\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Long\/Short Traders Snapshot<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Managed Money. <\/strong>The number of MM with long positions declined to 43 after remaining stable a week ago, continuing its general downtrend, and represents a low in over two years. Accordingly, the number of MM with short positions increased for two consecutive weeks to 79, reaching a high since August 2023, and continuing 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-33.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67847\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-33.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-33-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-33-768x501.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 declined to 45 after increasing for two consecutive weeks, declining from a high in over two years. Accordingly, the number of physicals with short positions increased for two consecutive weeks to 36. 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-people-ai-gener.png\" alt=\"A graph of a graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-67848\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener-300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener-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 for two consecutive weeks to 48, a low since January 2025. On the other hand, the number of short holders rebounded marginally to 38 after declining 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-34.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67849\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-34.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-34-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-34-768x501.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-b7f9efcb\"><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-6e7e34f0\"><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  -1.64\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u4e0a\u6da8\u540e\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -2.26\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +6.54\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e24\u5468\u4e0a\u6da8\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -2.64\n<\/p><\/td><td><p>\n  \u5ef6\u7eed\u4e86\u524d\u51e0\u5468\u7684\u603b\u4f53\u4e0b\u964d\u8d8b\u52bf\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-35.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67850\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-35.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-35-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-35-768x513.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a \u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u591a\u5934\/\u7a7a\u5934\u4ea4\u6613\u7b80\u62a5<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u7ba1\u7406\u8d44\u91d1\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u6570\u76ee\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f3268\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u6570\u76ee\u8fde\u7eed\u4e24\u5468\u4e0a\u5347\uff0c\u4e0a\u5468\u5c0f\u5e45\u4e0a\u5347\u81f3322\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-5.png\" alt=\"A graph of a graph showing the amount of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67851\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-5.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-5-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-showing-the-amount-of-money-ai-5-768x504.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\u5728\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u540e\u5c0f\u5e45\u53cd\u5f39\u81f3107\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u4e0a\u5468\u5c0f\u5e45\u53cd\u5f39\u81f3142\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-number-of-graphs-ai-generated-conten-4.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-67852\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-4.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-4-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-4-768x504.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\u540e\u7ef4\u6301\u572870\u5bb6\uff0c\u4e3a2024\u5e7412\u6708\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\uff0c\u800c\u7a7a\u5934\u6301\u4ed3\u6570\u91cf\u5728\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u540e\u56de\u5347\u81f3113\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-36.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67853\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-36.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-36-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-36-768x505.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-0132649f\"><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  -0.03\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u56db\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -1.30\n<\/p><\/td><td><p>\n  \u4e0e\u524d\u4e00\u5468\u7684\u589e\u957f\u76f8\u6bd4\uff0c\u7ee7\u7eed\u603b\u4f53\u4e0b\u964d\u7684\u8d8b\u52bf\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  1.50\n<\/p><\/td><td><p>\n  \u4e0e\u524d\u4e00\u5468\u7684\u4e0b\u8dcc\u76f8\u6bd4\uff0c\u7ee7\u7eed\u603b\u4f53\u4e0a\u5347\u7684\u8d8b\u52bf\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -0.17\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 5\uff1a\u6309\u53c2\u4e0e\u8005\u7c7b\u522b\u5212\u5206\u7684\u51c0\u4ed3\u4f4d\u53ca\u4ef7\u683c\u6bd4\u8f83\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"976\" height=\"662\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-37.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67854\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-37.png 976w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-37-300x203.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-37-768x521.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\u7ef4\u6301\u572821\u5bb6\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u4ece\u4e00\u5468\u524d\u768446\u5bb6\u7565\u6709\u53cd\u5f39\uff0c\u7a33\u5b9a\u572847\u5bb6\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-3.png\" alt=\"A graph of a graph of money\n\nAI-generated content may be incorrect.\" class=\"wp-image-67855\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-3.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-3-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-money-ai-generated-content-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\u4e09\u5468\u5c0f\u5e45\u4e0b\u964d\u81f3145\u5bb6\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u5728\u4e0a\u5468\u8dcc\u81f32025\u5e741\u6708\u4ee5\u6765\u6700\u4f4e\u6c34\u5e73\u540e\u53cd\u5f39\u81f383\u5bb6\u3002\u81ea\u53bb\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4ee5\u6765\uff0c\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u603b\u4f53\u5448\u4e0a\u5347\u8d8b\u52bf\uff0c\u800c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u81ea\u53bb\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u4ee5\u6765\u603b\u4f53\u5448\u4e0b\u964d\u8d8b\u52bf\u3002<br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td colspan=\"2\"><p><strong>2024 <\/strong>\n<\/p><\/td><td colspan=\"2\"><p><strong>2023<\/strong>\n<\/p><\/td><\/tr><tr><td><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u591a<\/strong>\n<\/p><\/td><td><p><strong>\u770b\u7a7a<\/strong>\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u9ad8\u503c<\/strong>\n<\/p><\/td><td><p>\n  171\n<\/p><\/td><td><p>\n  114\n<\/p><\/td><td><p>\n  120\n<\/p><\/td><td><p>\n  123\n<\/p><\/td><\/tr><tr><td><p><strong>\u6700\u4f4e\u503c<\/strong>\n<\/p><\/td><td><p>\n  98\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  78\n<\/p><\/td><td><p>\n  62\n<\/p><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\n  \u56fe 7\uff1a  \u8fd0\u8d39\u671f\u8d27\u6301\u4ed3\u8005\u6570\u91cf\n<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"827\" height=\"543\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-5.png\" alt=\"A graph of a number of graphs\n\nAI-generated content may be incorrect.\" class=\"wp-image-67856\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-5.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-5-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-number-of-graphs-ai-generated-conten-5-768x504.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\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u516c\u53f8\u6570\u91cf\u7565\u6709\u4e0b\u964d\uff0c\u4ece3\u6708\u5e95\u768422\u5bb6\u964d\u81f321\u5bb6\uff0c\u4f46\u81ea2025\u5e74\u521d\u4ee5\u6765\u4e00\u76f4\u7a33\u5b9a\u5728\u5f53\u524d\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-38.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67857\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-38.png 827w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-38-300x197.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-38-768x504.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-b8916a93\"><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  -1.20\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\u5468\u4e0a\u6da8\u540e\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u7ba1\u7406\u8d44\u91d1<\/strong>\n<\/p><\/td><td><p>\n  -0.26\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u4e03\u5468\u4e0b\u8dcc\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5b9e\u7269\u4ea4\u5272<\/strong>\n<\/p><\/td><td><p>\n  +2.17\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\u5468\u589e\u52a0\u3002\n<\/p><\/td><\/tr><tr><td><p><strong>\u5176\u4ed6<\/strong>\n<\/p><\/td><td><p>\n  -0.71\n<\/p><\/td><td><p>\n  \u8fde\u7eed\u516d\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-39.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67858\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-39.png 972w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-39-300x200.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-39-768x513.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\u5728\u4e00\u5468\u524d\u4fdd\u6301\u7a33\u5b9a\u540e\u4e0b\u964d\u81f343\u5bb6\uff0c\u5ef6\u7eed\u4e86\u603b\u4f53\u4e0b\u964d\u8d8b\u52bf\uff0c\u8fd9\u662f\u4e24\u5e74\u591a\u6765\u7684\u6700\u4f4e\u70b9\u3002\u76f8\u5e94\u5730\uff0c\u6301\u6709\u7a7a\u5934\u5934\u5bf8\u7684\u7ba1\u7406\u8d44\u91d1\u4ea4\u6613\u8005\u6570\u91cf\u8fde\u7eed\u4e24\u5468\u589e\u52a0\uff0c\u8fbe\u523079\u5bb6\uff0c\u8fbe\u5230\u4e86\u81ea2023\u5e748\u6708\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\uff0c\u5e76\u7ee7\u7eed\u4fdd\u6301\u603b\u4f53\u4e0a\u5347\u8d8b\u52bf\u3002\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-40.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67859\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-40.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-40-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-40-768x501.png 768w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\n  \u8d44\u6599\u6765\u6e90\uff1a\u65b0\u4ea4\u6240\u3001\u51ef\u57fa\u7814\u7a76\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9e\u7269\u4ea4\u5272\u3002<\/strong>\u6301\u6709\u591a\u5934\u5934\u5bf8\u7684\u5b9e\u7269\u4ea4\u5272\u4ea4\u6613\u8005\u6570\u91cf\u5728\u8fde\u7eed\u4e24\u5468\u589e\u52a0\u540e\u4ece\u4e24\u5e74\u591a\u6765\u7684\u9ad8\u70b9\u4e0b\u964d\u81f345\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\u81f336\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-people-ai-gener-1.png\" alt=\"A graph of a graph of a number of people\n\nAI-generated content may be incorrect.\" class=\"wp-image-67860\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener-1.png 834w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener-1-300x195.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-a-graph-of-a-number-of-people-ai-gener-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\u8fde\u7eed\u4e24\u5468\u4e0b\u964d\u81f348\u5bb6\uff0c\u4e3a2025\u5e741\u6708\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u7a7a\u5934\u6301\u4ed3\u6570\u91cf\u5728\u4e00\u5468\u524d\u4e0b\u964d\u540e\u5c0f\u5e45\u53cd\u5f39\u81f338\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-41.png\" alt=\"A graph of different colored lines\n\nAI-generated content may be incorrect.\" class=\"wp-image-67861\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-41.png 833w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-41-300x196.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-different-colored-lines-ai-generated-c-41-768x501.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-67837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-product-ideas"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"KGI Weekly Futures Update SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures Net Long\/Short and Price Comparison We highlight the key price levels that each 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