IRON ORE DERIVATIVES WRAP: Swaps volumes head down, prices remain robust

Apr 11, 2012 | 11:28 AM |

Forward curve (from two brokers): April $149/151 May $147/150 June $144/147 Q3 2012 $142/144 Q4 2012 $138/141 2013 $129/132 2014 $116/120 Swaps The OTC iron ore market saw volumes drop on Wednesday April 11 as market participants took stock after a sudden upward price jump the previous day, brokers told Metal Bulletin. Prices shot up by around $4 on Tuesday on the back of....

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