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Seaborne iron ore prices tumbled Tuesday on rumours of inventory pressure at Chinese ports and Chinese mills. The Kallanish KORE 62% Fe index declined $1.07/t on Tuesday to $124.71/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.14/t lower at $139.81/dmt cfr, and the KORE 58% Fe index lost $0.41/t to $113.09/dmt cfr.  On the Dalian Commodity Exchange, May iron ore settled down by CNY 4/t ($0.59/t) at CN…
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