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07 Feb

Iron ore holds, Fitch forecasts low demand

Seaborne iron ore prices saw small fluctuations on Wednesday, with spot market activity virtually halted due to the holiday. The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $0.34/t and $0.17/t respectively on Wednesday to $126.21/dry metric tonne cfr Qingdao and $139.15/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.77/t to $115.56/dmt cfr. 170,000t of Carajas Fines were booked at $139.2/t with a laycan of 2-11 March. On the Dalian Commodi…
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