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01 May

Iron ore inches lower in suspended market

Seaborne iron ore prices saw a lull in the market due to the holidays. The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $2.15/t and $2.61/t respectively to $113.39/dry metric tonne cfr Qingdao and $127.58/dmt cfr. The KORE 58% Fe index was $2.67/t lower at $101.13/dmt cfr. Tangshan billet, meanwhile, stayed unchanged at CNY 3,460/t. HSBC Holdings expects iron ore prices to exceed $100/t on average this year, according to the company's la…
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