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20 Dec
15:33

Iron ore firms despite central purchasing rumours

Seaborne iron ore prices firmed on Tuesday, supported by expectations of restocking demand. Market participants have been talking about the growing role of China's new central iron ore purchaser, but so far major mills have not delegated iron ore price discussion to the group. The Kallanish KORE 62% Fe index gained $0.28/t on Tuesday to $109.35/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.29/t higher at $122.84/dmt cfr, and&nb…
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