Author: Lalita
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Iron ore spot price rises on tight supply
Spot price for iron ore Fe 62% fines rose by $2.25 d-o-d to $147.55/t CFR China amid tight supply. Market participants expect the sustained preference for mainstream medium grades on end-users prioritizing sinter feed stability to support iron ore prices. On the other hand, Chinese iron ore futures fell by RMB 4.5 on a d-o-d…