The spot price of iron ore Fe 62% fines bounced back on 24 Aug’21, rising by $12.10/t to $148.60/t CFR China on improved sentiments as buying interest picked up. Spot buying interest for seaborne iron ore cargoes were supported by firming up of prices of port stock. On the other hand, Dalian iron ore futures’ most-active Jan’22 contract jumped by RMB 60.5/t to close at RMB 817.5/t ($126.22/t) yesterday.
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