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07 Jun

Iron ore gains, May imports inch higher

Seaborne iron ore prices inched higher on Wednesday, with an increase in May iron ore imports suggesting firm demand. The Kallanish KORE 62% and 65% Fe indices increased by $2.73/tonne and $1.47/t respectively on Wednesday to $111.3/dry metric tonne cfr Qingdao and $122.04/dmt cfr. Meanwhile, the KORE 58% Fe index rose by $1.23/t to $99.77/dmt cfr. 90,000 tonnes of Newman fines and 170,000t of Carajas fines were booked at $109.2/t and…
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