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Iron Ore Swaps Fall Highest in 2 Weeks as China Economic Growth Weakens
Apr. 15, 2013 03:48PM PST
Base Metals Investing 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.
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.
As quoted in the market news:
Traders are reacting to the Chinese growth data coming in below expectations,” Goggin said by e-mail. “Meanwhile the physical market was quiet, which shows the swaps are more jittery depending on macro news.