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30 Nov

Iron ore rebounds despite DCE signalling supervision

The seaborne iron ore market is back on the rise, despite the Dalian Commodity Exchange once again emphasising the supervision of iron ore futures. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.07/t and $1.12/t respectively to $131.7/dry metric tonne cfr Qingdao and $143.62/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.08/t higher at $121.35/dmt cfr. Two deals for 170,000t of PB fines were booked at floating prices with laycans of…
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