Iron Ore Derivatives Association Plans to Disband Immediately-Shanghai Metals Market

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Iron Ore Derivatives Association Plans to Disband Immediately

Industry News 03:41:58PM Jan 29, 2012 Source:SMM

Jan. 27 (Bloomberg) -- An association representing traders and brokers of iron ore swaps said it’s disbanding and will discontinue publishing forward price assessments.

The Iron Ore and Steel Derivatives Association, a nonprofit group, “could not meet the liquidity requirements to operate,” it said by e-mail today. The association’s members include BHP Billiton, Morgan Stanley Capital Group and Cargill International, according to its website.

 

Key Words:  iron ore  iron ore swap 

Iron Ore Derivatives Association Plans to Disband Immediately

Industry News 03:41:58PM Jan 29, 2012 Source:SMM

Jan. 27 (Bloomberg) -- An association representing traders and brokers of iron ore swaps said it’s disbanding and will discontinue publishing forward price assessments.

The Iron Ore and Steel Derivatives Association, a nonprofit group, “could not meet the liquidity requirements to operate,” it said by e-mail today. The association’s members include BHP Billiton, Morgan Stanley Capital Group and Cargill International, according to its website.

 

Key Words:  iron ore  iron ore swap