IRON ORE DERIVATIVES WRAP: Flurry of OTC iron ore trading follows physical price drop
Apr 24, 2012 | 12:34 PM
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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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