Author: Lalita
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Firm buying interest supports spot iron ore prices
Spot iron ore Fe 62% fines price strengthened further by $2.65 d-o-d to $167.15/t CFR China, supported by firm buying interest for both Australian and Brazilian mid-grade fines and rising iron ore futures. DCE iron ore futures yesterday increased by RMB 19.5 d-o-d on concerns over tight supply.