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SWAPS REPORT: OTC iron ore trading activity ramps up pre-index before quiet afternoon

January 16, 2012 - 16:23 GMT Location: London

KEYWORDS: iron ore swaps , iron ore prices , OTC , OTC iron ore

OTC iron ore swaps prices firmed early on Monday January 16 before falling off in the afternoon, as some buying was seen at the front end of the forward curve, brokers told Metal Bulletin. .

Forward curve (compiled from two brokers): Jan $142.50/144.50 Feb $140/143.50 March $138/142.50 Q1 2012 $141.50/143.50 Q2 2012 $137.50/140.50 Q3 2012 $134/138 Q4 2012 $131/133 2012 $136/138 2013 $125/127 OTC iron ore swaps prices firmed early on Monday January 16 before falling off in the afternoon, as some buying was seen at the front...

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