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10 Jun

Iron ore drops as buyers on holiday

Seaborne iron ore prices fell on Monday due to the absence of Chinese buyers. The Kallanish KORE 62% Fe index lost $0.58/t to $108.67/dry metric tonne cfr Qingdao and the KORE 65% Fe index slipped $0.59/t to $123.57/dmt cfr. The KORE 58% Fe index was $0.56/t lower at $95.7/dmt cfr. On the Singapore Exchange, July 62% Fe futures and 65% Fe futures both settled $2.63/t lower at $106.1/t and $120.16/t. The same contract for 58% Fe futures meanwhile decline…
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