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06 May

Iron ore rebounds as China trading returns

Seaborne iron ore prices strengthened on Monday after Chinese markets returned to trading from the Labour Day holiday. The Kallanish KORE 62% Fe index and KORE 65% Fe index gained by $2.41/t and $2.17/t respectively to $119.5/dry metric tonne cfr Qingdao and $133.64/dmt cfr. The KORE 58% Fe index was $0.81/t higher at $106.61/dmt cfr. Sources reported that 170,000 tonnes of BRBF Fines and 80,000t of Mac Fines were sold respectively at $120.65/t and $114.35/t,…
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