Falling iron ore prices may spark OTC swaps contango

Aug 20, 2009 | 12:53 PM |

Falling iron ore spot prices may send the over-the-counter (OTC) swaps forward curve from backwardation to contango, brokers said.

Offers for India-origin 63.5 percent Fe content iron ore fines fell back below $100 per tonne c.f.r. China, sending the Metal Bulletin Iron Ore Index (MBIOI) to $94.30 per tonne for 62 percent Fe....

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