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SWAPS REPORT: OTC iron ore volumes increase as prices fluctuate
February 09, 2012 - 17:16 GMT
Location:
London
KEYWORDS:
iron ore
,
OTC
,
swaps
,
volumes
,
prices
,
settlement
,
range
Iron ore swap prices fluctuated on Thursday February 9, as a weak physical market and positive news on the European debt situation – with agreement being reached for Greece’s bailout package – pulled the market in differing directions.
Forward curve (from two brokers):
Feb $141/143
Mar $138/139.50
Apr $137.50/139
Q2 2012 $136.50/137.50
Q3 2012 $132/135.50
Q4 2012 $129/133
2013 $123/125.50
2014 $111/116
Iron ore swap prices fluctuated on Thursday February 9, as a weak physical market and positive news on the European debt situation – with agreement being reached for Greece’s bailout package – pulled the market in differing...
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Euromoney Institutional Investor PLC.
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