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Seaborne iron ore market sees thin trading as participants hold back

August 04, 2014 - 12:17 GMT Location: Shanghai

KEYWORDS: 62% Fe iron ore , Dalian Commodity Exchange , Global Ore , Rio Tinto

The seaborne iron ore market had a dearth of trades on Monday August 4 with participants waiting for stronger cues.

Prices were stable at Chinese ports, however, despite gains in the rebar and iron ore futures markets during the day. "Few sellers made offers on Monday and participants are waiting for stronger hints of where the market is headed this week," a mill source in Tangshan told Metal Bulletin sister title Steel First in the morning. Another mill source said he received a private offer of...

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