SWAPS REPORT: Iron ore swaps lose value, trading volumes steady
Dec 14, 2011 | 12:13 PM
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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....
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