Iron Ore Rises on Increased Demand in China

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.