Front-end iron ore swaps prices rise on expectations

摘要

Front-end pricing on the iron ore swaps curve rose Tuesday with over-the-counter trade volume seen improved on the back of growing Asian expectations of imminent price increases for iron ore cargoes after a public holiday ends in China, market sources said. The May swaps contract basis The Steel Index's 62%-Fe index was heard going through brokers at 144 dollars/dry mt, some 2 dollars or so higher than Monday trades.