Forwards: Volatility drives iron ore derivatives, HRC jumps as scrap levels off

摘要

November was a volatile month for spotiron ore prices, which rose above $80/drymt for the first time in more than two years,but equally saw sharp day-on-day falls asskittish buyers shied away from high prices.Unsurprisingly, given the environment,forward prices were also unpredictable. Thefront months saw upward moves of around$10/mt during November, and were trackinghigher still in the early part of December.