The spot price of iron ore Fe 62% fines rallied by $6.35/t on 7 Sept’21 to settle at $137.85/t CFR China as robust downstream steel demand in China lifted iron ore sentiments. However, there was selling pressure on traders to sell Oct’21 cargoes. On the other hand, iron ore futures on the Dalian Commodity Exchange (DCE) gained by RMB 40/t in yesterday’s trading session.
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