Iron Ore

The seaborne Iron Ore market is one of the largest commodity markets in the world, with around 900 million tonnes traded each year. Spectron is able to provide clients all over the globe with access to both the cleared and non-cleared OTC Iron Ore market. As a dynamic player in new markets Spectron is working closely with the industry to develop and enhance the derivatives tools currently available, with the aim of being the No.1 name in Iron Ore derivatives broking. With a presence in other bulk commodities and a specialist analytical division (NENA), Spectron can offer not only market access and prices for Iron ore, but the most relevant and important market news and data.

Iron Ore has traditionally been a physical market with annual benchmark pricing, but the recent emergence of China as a major commodities player and increased global economic volatility has seen the market evolve. The development of a physical spot market within Asia and the need for more dynamic pricing has resulted in the establishment of an Iron Ore derivatives market. Although still in an embryonic stage, this market allows players to manage price volatility using OTC swap contracts on a cleared or non-cleared basis. Currently these products are now being discussed up to two years forward.

Spectron is a member of the Iron Ore and Steel Derivatives Association - IOSDA

Paul Temple +44 207 074 2098