Rising steel prices in Chinese market followed by bullish sentiments further edged up spot iron ore market.
Buyers continue to bid higher for imported cargoes on anticipation of recovery in demand and restocking.
A 90,000-tonne cargo of Australian 58-percent grade iron ore for December delivery was sold at $111 per tonne on the trading platform on Thursday, up from $110.50 earlier this week, traders said.
Indian 63.5/63 Fe cargo reaches at around $120-122/t CFR, Indian exporters prefer to hold their offers on hopes hat prices will rise further.
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