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SWAPS REPORT: Iron ore swaps lose value, trading volumes steady

December 14, 2011 - 17:13 GMT Location: London

KEYWORDS: iron ore , trading , derivatives , swaps , OTC , physical

OTC iron ore prices fell further on December 14, with brokers reporting a “fair” amount of trade to Metal Bulletin.

Forward curve (compiled from two brokers): Dec $136/138 Jan ’12 $131.5/134 Feb ’12 $131/133 Mar ’12 $129/131 Apr ’12 $127/129 Q1 ’12 $131/134 Q2 ’12 $127.5/129 Q3 ’12 $125/126.5 2012 $126.5/129 2013 $119.5/121.5 OTC iron ore prices fell further on December 14, with brokers reporting a “fair” amount of trade to Metal Bulletin. “Prices were up...

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