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19 Jun

Iron ore gains, output cuts disrupt market

Seaborne iron ore prices rebounded on Wednesday as talk of more production cuts swept the market. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $1.08/t and $1.02/t respectively to $107.78/dry metric tonne cfr Qingdao and $122.95/dmt cfr. The KORE 58% Fe index was $0.94/t higher at $94.67/dmt cfr. On public platforms, two deals each of 170,000 tonnes of PB Fines were sold at $106.45/t and $106.2/t respectively, with laycans of 26 July to 4 August, a…
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