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18 Sep

Iron ore falls back with less arrivals

The seaborne iron ore market fell back on Monday. Iron ore arrivals at major Chinese ports decreased last week, but overseas shipments meanwhile rebounded, which may lead to a subsequent increase in port inventories. The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined $1.95/t and $1.92/t on Monday to $123.7/dry metric tonne cfr Qingdao and $132.92/dmt cfr respectively. The KORE 58% Fe index declined by $1.29/t to $108.53/dmt cfr. 90,000t of Ne…
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