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Spot 63.5% Fe iron ore prices down $2-3 for the week

November 30, 2012 - 09:05 GMT Location: Shanghai

KEYWORDS: China , iron ore spot prices , 63.5% Fe Indian fines , Vale , China Beijing International Mining Exchange

China’s imported iron ore market declined for a second week as steel prices continued to weaken.

Spot prices of 63.5% Fe Indian fines were in the range of $118-120 per tonne cfr China on Friday November 30, widening downwards from Thursday’s $119-120 per tonne cfr range. The prices are also $2-3 lower than a week earlier and are now down to the level seen on October 17. "The breadth of drop seen in iron...

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