Iron Ore Swaps Rise

Reuters reported iron ore swaps volumes rebounded in the first half of May, after dropping to their lowest this year in April on the back of low volatility, brokers said this week.

As quoted in the market news:

The volume of iron ore swaps cleared by the Singapore Futures Exchange (SGX) in April fell to its lowest level so far this year at 3.8 million tonnes.

It hit a record high, since trading began in 2008, of 7.5 million tonnes in October last year.

Click here to read the full Reuters report.