Iron ore swaps nudge higher, braking July bear run

摘要

Iron ore swaps prices rose Thursday to halt a slide across the curve since July 5, as August and swaps further back rebounded after hitting new lows Wednesday. Clearing activity on the Singapore Exchange approached record levels. SGX had cleared (basis The Steel Index) volume on Wednesday's surge to 816,000 mt, its third-highest daily volume, latest exchange data showed.