Ore swaps prices end week on high as physical climbs

摘要

December swaps, based on The Steel Index's 62% Fe CFR Tianjin reference price, traded at $117-117.50/dry mt before the close in Singapore Friday, some $2/mt higher than the lowest trade Thursday. The Q1 2013 contract was pegged at around $116.75/dmt, $1.25 or more above trades in the prior session.