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Spot iron ore price tightens to $127-129 cfr

February 08, 2010 - 08:27 GMT Location: Shanghai

KEYWORDS: China , iron ore , price

China's iron ore import prices are at $127-129 per tonne cfr for 63.5% Fe grade, amid sparse business as Chinese customers prepare for the Chinese New Year holiday next week.

"Indian miners' offer have further increased their offers, from $128-130 per tonne in late last week to $131-132 per tonne, but there's little buying going on," a Rizhao-based trader said. Most market participants said Indian miners are sticking to their offers, but there have still...

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