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21 Feb

Iron ore slows decline amid coking coal rebound

Seaborne iron ore prices eased losses on Wednesday, with a surge in the coking coal market boosting sentiment in the iron ore market. The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $1.65/t and $1.04/t respectively on Wednesday to $121.41/dry metric tonne cfr Qingdao and $134.21/dmt cfr. The KORE 58% Fe index slumped by $4.55/t to $107.49/dmt cfr. Sources report that 90,000 tonnes of Newman Fines and 170,000t of BRBF Fines were sold at $119.1/t and…
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