Iron ore swaps prices tick up after Wen's comments

摘要

Iron ore swaps prices ticked up Monday, primarily on remarks from China's Premiere Wen that Beijing will look to promote pro-growth policies amid the economic downturn. June traded at 128.50 dollars/dry mt and 129 dollars/mt, basis The Steel Index's reference price for 62% Fe material. Q3 traded at 128 dollars/dmt and 128.25 dollars/dmt after the index hit, while Q4 was done at 126.50 dollars/dmt.