SWAPS REPORT: Iron ore swaps levels pick up as prices edge down
Dec 13, 2011 | 12:23 PM
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Forward curve (compiled from two brokers):
Dec $137/139
Jan ’12 $132.5/135
Feb ’12 $131/134
Mar ’12 $130/133
Apr ’12 $128/130
Q1 ’12 $132/135
Q2 ’12 $128/131
Q3 ’12 $126/128
2012 $127/130
2013 $119.5/122.5
OTC iron ore prices edged down on December 13, as contracts exchanged in an unexpected flurry of activity, brokers told Metal Bulletin.
Contracts tied to deliveries in January....
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