Author: Lalita
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Iron ore spot price gains further on supportive futures
Spot price for iron ore fines yesterday strengthened further backed by supportive futures market. Price for Fe 62% fines stood at $129.95/t CFR China. “Chinese end-users secured sufficient iron ore cargoes until Jan’21, buying interest for December-loading cargoes remained strong on the back of firm steel production”, sources said. Iron ore futures in DCE yesterday…