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26 Jul
15:46

Iron ore holds in stable market

The seaborne iron ore market returned to calm on Wednesday, with limited price changes driven by lower market expectations. The Kallanish KORE 62% and 65% Fe indices increased by $0.12/tonne but lost $1.24/t respectively on Wednesday to $116.89/dry metric tonne cfr Qingdao and $129.14/dmt cfr. Meanwhile, the KORE 58% Fe index gained $0.23/t to $107.31/dmt cfr. Two deals for 170,000t each of PB fines were booked at $115.4/t and $117.3/t with a laycan of 7-16 …
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