Iron Investing News » Iron Ore Rises on Increased Demand in China

Iron Ore Rises on Increased Demand in China

January 26, 2012 @ 5:05 pm In Iron Market News

Reuters reported prices of iron ore forward swaps rose on Thursday as investors bet China spot iron prices will recover.

As quoted in the market news:

The February contract rose $1.12 to $144.81 on Wednesday, with March also up by the same amount to $143.75. Volume cleared by SGX, which clears the bulk of global swaps, jumped to 168 lots from 48 lots on Tuesday.

Click here to read the full Reuters report. ^[1]

Article printed from Iron Investing News: http://ironinvestingnews.com

URL to article: http://ironinvestingnews.com/3108-iron-ore-rises-on-increased-demand-in-china.html

URLs in this post:

[1] Click here to read the full Reuters report.: http://www.reuters.com/article/2012/01/26/markets-ironore-idUSL4E8CQ0JE20120126