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Spot 63.5% Fe iron ore prices unchanged in quiet market
March 03, 2014 - 09:26 GMT
spot 63.5% Fe
The mood in China’s imported iron ore market was bearish at the start of the week, as participants sat largely on the sidelines anticipating further price falls.
Spot prices for 63.5% Fe iron ore were in the range of
$118-119 per tonne cfr China on Monday March 3, unchanged since
last Tuesday. "There are several negative signs in the market
right now, such as mills facing cash problems, increased
numbers of steelmakers suspending production and lofty levels
of port stocks," a Beijing-based trader said. Further denting
sentiment was the news today that China’s
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Euromoney Institutional Investor PLC.
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