The spot price of iron ore Fe 62% fines rose by $7.15/t on 17 Jun’21 to $220.80/t, CFR China, on-demand for medium- and high-grade fines remaining strong. Volatility in steel prices exists due to weak seasonal demand in China amidst tight supply. Dalian Commodity Exchange (DCE) iron ore futures contract for Sept delivery closed at RMB 1,223.5/t ($190) on 17 Jun, higher by RMB 26/t d-o-d.
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