India’s iron ore export market inactive in absence of trade, drop in prices

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India’s iron ore export market turned silent this week as prices in China dropped recently, showing a correction of $20/t w-o-w.
Market indications for Indian-origin low-grade fines of Fe 57% were at $65/t CFR China.
On the other hand, domestic Fe 57% fines prices were heard at INR 1,200-1,500/t ex-mines in Odisha.

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