Asian iron ore market up as derivatives surge

摘要

A surge in derivatives led iron oresellers to lift offers Thursday, propelling thespot market upwards. The 62% Fe IODEX wasassessed at $74.65/dry mt CFR North ChinaThursday, up $2.80/dmt from Wednesday.The front month December IODEX swaprose $2.80/dmt day on day, to reach $72.35/dmt CFR North China Thursday.