IRON ORE DERIVATIVES WRAP: Lower tender offer pushes OTC prices down
May 14, 2012 | 11:45 AM
Forward curve (from three brokers):
Q3 2012 $128.50/130
Q4 2012 $126.50/128
Q1 2013 $124.25/126.25
Iron ore swaps volumes remained at high levels on Monday May 14 after physical iron ore tenders were concluded at lower levels for a second consecutive workday.
The Singapore Exchange (SGX), the contract’s most popular clearing venue, cleared 721,000 tonnes of swaps....
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