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05 Feb

Iron ore rebounds with reserve ratio cut

Seaborne iron ore prices rebounded on Monday, even as the performance of Chinese stocks overshadowed financial markets as a whole. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $2.73/t and $1.57/t respectively on Monday to $128.99/dry metric tonne cfr Qingdao and $140.89/dmt cfr. The KORE 58% Fe index meanwhile rebounded by $4.54/t to $117.68/dmt cfr. 80,000t of Mac Fines and the same volume of Newman Fines were booked at $125/t and $127.8/t wi…
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