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OTC volumes decline in August as spot market lacks direction

August 30, 2010 - 00:00 GMT

Spotlight - Mixed month as deliveries trade at more than $140, but market remains confused

August was a mixed month for the over-the-counter (OTC) iron ore swaps market. Deliveries in August and September both traded in excess of $140 per tonne close to the beginning of the month. But spot market uncertainty and a dearth of new physical business caused confusion among forwards traders....

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