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22 May

Iron ore remains stable due to holiday

Seaborne iron ore prices remained almost stable on Wednesday as trading sentiment eased during the Vesak holiday in Singapore. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained $0.26/t and $0.04/t respectively to $119.44/dry metric tonne cfr Qingdao and $135/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.15/t higher at $106.05/dmt cfr. On the Dalian Commodity Exchange (DCE), the most-traded September 2024 iron ore contract increased by CNY 20/t…
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