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22 Feb

Iron ore rebounds, Australia clears ships in port

Seaborne iron ore prices have ended a three-day losing streak on Thursday with a slight correction. Due to the impact of an approaching cyclone, the Port of Dampier on Australia's west coast has cleared ships in the port. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.32/t and $0.3/t respectively on Thursday to $121.73/dry metric tonne cfr Qingdao and $134.51/dmt cfr. The KORE 58% Fe index rose by $0.23/t to $107.72/dmt cfr. Sources report…
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