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17 May

Iron ore gains on lower housing loan rates

Seaborne iron ore prices remained firm on Friday as China's property market stimulus policies brought back market confidence. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $1.22/t and $1.62/t respectively to $118.53/dry metric tonne cfr Qingdao and $133.78/dmt cfr. The KORE 58% Fe index was $1.22/t higher at $105.62/dmt cfr. Sources report that 170,000 tonnes of PB Fines were booked at $118.8/t with a laycan of 26 June to 5 July, and 80,000t of…
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