| The iron ore swaps forward curve moving into contango shows signs the recent price drop for physical cargoes may have reached its limit, suggested Investec Bank Friday.
The iron ore forward curve has long been in backwardation, with contracts for settlement farther out at a discount to nearby months and quarters. However, the sustained move into contango in the latter period of this month suggested the front of the curve has come under severe unsustainable pressure, Investec said...........................................Full Article: Source
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