Iron Price Faces Volatility

- March 31st, 2009

Iron Investing News reports price of iron sees volatility in the markets. According to Deutsche Bank AG, the annual iron price benchmark contract system may be scrapped as producers seek individual arrangements. Peter O’Connor analyst of Deutsche said that “The stress on the benchmark system has never been greater. There’s been a 50 per cent increase … Continued

Iron Investing News reports price of iron sees volatility in the markets.

According to Deutsche Bank AG, the annual iron price benchmark contract system may be scrapped as producers seek individual arrangements. Peter O’Connor analyst of Deutsche said that “The stress on the benchmark system has never been greater. There’s been a 50 per cent increase in spot sales from Australian producers in the past six months as buyers renege on contracts.”

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