Supportive futures market pushes iron ore spot price higher

Iron ore Fe 62% fines spot price yesterday moved up by $1.65 d-o-d to $158.7/t CFR China. Despite limited buying interest, prices remained supported by rising iron ore futures prices. Yesterday iron ore futures in DCE rose by RMB 19/t and in SGX, it inched up by $1.82/t on a d-o-d basis.


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