IRON ORE DERIVATIVES WRAP: Lower tender offer pushes OTC prices down
May 14, 2012 | 11:45 AM
|
Forward curve (from three brokers):
May $136/137.50
June $130/131
Q3 2012 $128.50/130
Q4 2012 $126.50/128
Q1 2013 $124.25/126.25
2013 $121/122
2014 $113.25/114
Swaps
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....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here