iron ore outlook has been raised., page-9

gasman...

imo, the DCE futures will be used by the mills, miners, shippers and traders. It's a physical market after all. Theoretically, it should limit price volatility by time shifting peaks in supply and demand... but who knows.

http://www.macrobusiness.com.au/2013/10/daily-iron-ore-price-update-dalian-heat/

nice laughing material for the morning. The DCE futures run from March to September, with the May month accounting for 90% of the volume. The 12M swap traded at $120-$121 on friday with 24kt of volume. The 12M DCE future traded between $126-$133 on 1183kt of volume... I wonder if H&H will finally admit to the irrelevance of the SGX swaps as a guide to io pricing.