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Spot 63.5% Fe iron ore prices down to $148-150 cfr

February 10, 2012 - 08:38 GMT Location: Shanghai

KEYWORDS: China , steel , iron ore , spot prices

China's iron ore import market eased again towards the end of the week, as a sluggish steel market and high-priced iron ore deterred buyer interest.

Prices of 63.5% Indian fines stood at $148-150 per tonne cfr on Friday, down from $149-150 cfr yesterday, but still $1-2 higher than a week earlier. "Downstream demand is really bad, and steel mill profits are quite poor, so people are being exceedingly cautious about buying," one iron ore trader in the port city of...

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