Curves back to normal levels after early March jumps

摘要

The iron ore forward curve has been through ahighly volatile month, much like the underlyingphysical spot market. In early March thecurve shot up by around $7/mt, even onthe further out contracts in 2017 and 2018,offering miners, and the juniors in particular,a chance to lock in higher sales prices. Mostactivity was on the nearby months, however.