IRON ORE DERIVATIVES WRAP: Flurry of OTC iron ore trading follows physical price drop

Apr 24, 2012 | 12:34 PM |

Forward curve (from four brokers): April $147/148 May $140.50/142.50 Jun $137.50/140.50 Q3 2012 $136.50/139 Q4 2012 $133.50/136 Q1 2013 $130/133 Q2 2013 $128.50/130.50 Q3 2013 $126/128 2013 $126/129 2014 $114.50/117.50 Swaps A correction in physical spot iron ore prices saw the OTC iron ore market burst into a flurry of activity on Tuesday April 24, brokers told Metal Bulletin. “Prices have been coming off for the past two or three....





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