Spot iron ore Fe 62% fines price yesterday reached $164.15/t CFR China, a sharp increase of $5.45 d-o-d on near-term demand expectations. Spot prices remained supported by uptrend in futures market. DCE iron ore May ’21 futures yesterday climbed by RMB 47/t d-o-d while SGX iron ore Jan ’21 futures surged by $5.87/t.
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