Fe swaps hold to prior-day levels after recent rise

摘要

Iron ore swaps saw some busy trade Thursday during the overlap of Asian and London hours, with prices ultimately consolidating around levels seen the day before, suggesting a stall in a recent run of price gains that had steepened backwardation across the curve. Price levels dipped approaching the Singapore close, with a 1-2 dollars/dry mt drop against overnight curves from London. But with some later higher trades, and better buying sentiment cited during the London afternoon, the market was flatish overall, sources said.