Author: Lalita
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Restocking demand continues to support iron ore spot price
Spot price for iron ore Fe 62% fines, yesterday rose by another $1.1 to $127.25/t CFR China, amid rising demand for Jan’21 cargoes. Mid-grade fines continued to attract buyers due to better cost efficiency than low-high grade combination. On the other hand, SteelMint’s daily futures’ assessment showed DCE iron ore futures trending upward as it…