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13 May

Iron ore gains, China to issue long-term bonds

Seaborne iron ore prices moved slightly higher on Monday, with a drop in iron ore arrivals leading to positive market sentiment. The Kallanish KORE 62% Fe index and KORE 65% Fe index rose by $0.58/t and $0.76/t respectively to $116.49/dry metric tonne cfr Qingdao and $131.64/dmt cfr. The KORE 58% Fe index was $0.19/t higher at $103.43/dmt cfr. Sources report that 90,000 tonnes of Mac Fines were booked at $113.4/t with a laycan of 12-21 June. On the Dalian Commodi…
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