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Spot 63.5% Fe iron ore prices up $1-2 for the week
March 29, 2013 - 10:02 GMT
China's imported iron ore market showed signs of strengthening at the end of the week on tight supply and restocking by mills.
Mainstream prices of 63.5% Fe content Indian fines stood at
$137-138 per tonne cfr China on Friday March 29, up $1 from
yesterday. Prices are also $1-2 higher compared with a week
earlier. "More steel mills returned to the market this week as
their iron ore stocks are running low," one iron ore trader in
Shanghai said. "Traders have regained confidence as spot prices
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Euromoney Institutional Investor PLC.
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