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27 Sep

Iron ore slides as buyer enters weak market

Seaborne iron ore prices slipped on Wednesday as steel markets remained lacklustre. China’s centralised iron ore buyer meanwhile is in negotiations with major miners. The Kallanish KORE 62% Fe index fell $0.94/t to $119.26/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe dropped $1.23/t to $128.32/dmt cfr, and the KORE 58% Fe index slumped $2.43/t to $106.14/dmt cfr. 90,000 tonnes of Mac fines were sold at $115.20/t with a laycan in 26 October to 4 N…
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