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16 Jan
14:27

Iron ore jumps as Vale eyes port pellet

Seaborne iron ore prices jumped a little higher on Wednesday amid buying on platforms. Vale aims to cash in on pellet premiums meanwhile by selling direct from port. The Kallanish KORE 62% Fe index gained $0.71/tonne to $75.02/dry metric ton cfr Qingdao. On COREX, 170,000 tonnes of Brazilian Blend sold at $76.05/t with a laycan in 7-16 February. On the Dalian Commodity Exchange May iron ore settled up CNY 3.5/t at CNY 512.5/t ($75.89/t), while on the Singap…
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