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09 Feb

Iron ore retreats, domestic output gains

Seaborne iron ore prices traded sideways last Friday, with markets calm and futures weakening on the absence of major buyers. The Kallanish KORE 62% Fe index and the KORE 65% Fe index each declined by $0.15/t and $0.14/t on Friday to $127.03/dry metric tonne cfr Qingdao and $139.99/dmt cfr. The KORE 58% Fe index meanwhile increased by $0.04/t to $115.64/dmt cfr. On the Singapore Exchange, February 62% Fe futures and 65% Fe futures each settled $1.88/t lower …
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