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04 Jan
Seaborne iron ore prices reversed course on Wednesday as Chinese steel mills started to ramp up maintenance, hitting iron ore demand expectations. Rumours that China could resume some Australian coal imports have had a mixed impact on iron ore. Some participants appeared to be spreading rumours in a deliberate attempt to cool sentiment. The Kallanish KORE 62% Fe index dipped $2.71/t on Wednesday to $116.57/dry metric tonne cfr Qingdao. The…
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