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12 Jun

Iron ore rebounds after Tuesday's decline

Seaborne iron ore prices on Wednesday have slightly corrected Tuesday's decline and the market awaits clear direction. The Kallanish KORE 62% Fe index and KORE 65% Fe index rebounded respectively by $0.89/t and $0.91/t to $105.12/dry metric tonne cfr Qingdao and $120.41/dmt cfr. The KORE 58% Fe index was $0.87/t higher at $92.39/dmt cfr. 80,000t of Mac Fines and 100,000t of Newman Fines were each booked at $101.2/t and $102/t with the laycan of 6-15 July, and …
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