Singapore Exchange iron ore swaps in April a new high_Steel News_News

Singapore Exchange iron ore swaps in April a new high

Release Date:2012-05-05 Hits:638
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, according to the iron ore swaps the broker FreightInvestorServices (FIS), last Friday destined for China, the iron content of 62% of iron ore, including cost and freight The spot price of $ 173World Steel Pipe .89 per ton.

the

Singapore Exchange (SingaporeExchangeLtd., S68.SG) data released Tuesday show the volume of iron ore swaps in April compared with March an increase of 60 percent, reaching 4,446 contracts, a record number of iron ore to 2.2 million tons.

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volume growth indicates that, with the iron ore spot prices rising this year, the market for iron ore swaps increased interest. The beginning of the year to April 23 World Steel Pipe News , the spot price of iron ore rose 58% to a high point of $ 185 per ton.

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FIS data shows that the iron ore forward curve was inverted price structure, suggesting that the spot market supply. On the Friday in 2010 in the third quarter iron ore swap contract price of $ 162.50 per ton.

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