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05 Jan

Iron ore jumps on easing restrictions

The easing of production restrictions in Tangshan has pushed iron ore prices sharply higher. Steel futures meanwhile are lagging as demand has been flat. The Kallanish KORE 62% Fe index jumped $7.08/t to $168.94/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $10.08/t to $187.15/dmt cfr, and the KORE 58% Fe index increased $3.28/t to $152.85/dmt cfr. 170,000 tonnes of Brazilian Blend and 90,000t of Yandi Fines sold at floating prices. On the …
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