Spot iron ore Fe 62% fines rose by $4.2/t d-o-d to $233.1/t CFR China as demand is expected to remain firm. Most sources do not see demand for low-grade fines recovering any time soon. Iron ore futures market yesterday remained positive on improved demand outlook. The most-traded Sep contract of DCE iron ore futures closed higher by RMB 30.5/t d-o-d.
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