The spot price of iron ore Fe 62% fines rose by $10.35/t to $209.10/t, CFR China, on firm demand for medium-grade fines. Sentiments in the spot market seemed to be recovering on expectations of less stringent production controls in China and thin supply of mainstream medium-grade fines. Iron ore futures on the Dalian Commodity Exchange closed higher at RMB 1,169.5/t while futures on the Singapore Exchange closed at $204.5/t.
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