Iron – Platts reported that iron ore swaps continued to decline Tuesday on concerns about China’s weak economic growth amid late prompt contracts that support physical trade confirming prices were still above a recent range.
Articles Tagged "iron ore swaps"
Iron – Bloomberg reported that iron ore swaps fell 3.6%, its biggest daily slump since April 1, affected by the slower-than-forecast Chinese economic growth.
Iron – Bloomberg reported that iron-ore swaps fell the most in 6 weeks at 2.6% on speculation China’s call for property curbs would cut demand for commodities used in construction.
Iron – Bloomberg reported that iron-ore swaps rallied to a 15-month high on speculation that China’s steel mills will need to buy supplies before the Chinese New Year holiday and as data showed that the industry is expanding in this country.
Iron – Platts reported on Monday iron ore swaps fell in light trade as interest fell in Shanghai on a holiday in Singapore.
Iron – Bloomberg reported iron-ore swaps rose to the highest since July on speculation China may cut the amount of cash banks have to keep in reserve.