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09 Jul

Iron ore rebounds, Goldman Sachs maintains forecast

Seaborne iron ore prices rebounded on Tuesday from Monday's slump, demonstrating notable volatility as market participants navigated ongoing uncertainties. The Kallanish KORE 62% Fe index and KORE 65% Fe index regained respectively by $1.57/t and $1.53/t to $110.07/dry metric tonne cfr Qingdao and $125.94/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.39/t higher at $95.76/dmt cfr. On public platforms, 170,000 tonnes of PB Fines were sold at $108.45/t…
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