CHINA IRON ORE 2012: Coking coal swaps market to 'take off' in next year

Feb 28, 2012 | 07:14 AM |

The coking coal swaps market will “take off” in the next year if term mill-to-mine contracts are linked to independent index-based prices, Credit Suisse UK’s vp, commodity, Philip Killicoat told delegates at Metal Bulletin’s 9th China Iron Ore conference in Beijing on February 28. Steel consumers and coking coal miners will use coking coal swaps contracts to hedge price risk as part of a larger portfolio of independent, index-based price ferrous derivatives, which will include iron ore swaps and futures....





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