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Spot 63.5% Fe iron ore prices ease to $149-150 cfr China

February 09, 2012 - 08:36 GMT Location: Shanghai

KEYWORDS: China , steel , iron ore , spot prices

China’s imported iron ore market weakened from a two-month high on Thursday February 9, weighed down by a weaker steel market.

The price of 63.5% Fe Indian fines stood at $149-150 per tonne cfr China on Thursday, down by $1 from Wednesday. Today’s Australian tender was finalised at $146 cfr for Newman fines and $130.75 cfr for Yandi fines, almost the same as yesterday, industry sources said. “The spot market goes quieter during the day, and most traders choose to...

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