IRON ORE DERIVATIVES WRAP: Swaps volumes push higher, prices edge down $1
Apr 19, 2012 | 12:12 PM
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Forward curve (from two brokers):
Apr $145.5/146.5
May $143/145.5
June $141/142
Q3 2012 $138/140
Q4 2012 $135/136
2013 $126.75/128.50
2014 $112.50/116.50
Swaps
The OTC market saw prices come off sharply in early trade on Thursday, April 19, before posting a recovery later in the day, brokers told Metal Bulletin.
“Volumes have been decent today, but we haven’t seen any massive tickets going through,” a broker in London said.
Prices along the....
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