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Spot 63.5% Fe iron ore price extends gains after Chinese New Year

February 03, 2012 - 08:58 GMT Location: Shanghai

KEYWORDS: China , steel , iron ore , spot prices

China's imported iron ore market moved up by $2 in the first week after the Chinese New Year holiday, supported by bullish sentiment on mills’ restocking.

Mainstream prices of 63.5% Indian fines stood at $147-148 per tonne cfr China on Friday, unchanged from yesterday and up $2 from January 20. "To be honest, I have not seen many trading activities this week as market participants are still returning to the market...

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