Spot price for iron ore Fe 62% fines rebounded yesterday amid supply concerns due to forecasts of a tropical cyclone forming in Western Australia. Price moved up by $1.85 d-o-d to $158.05/t CFR China. Benchmark iron ore futures in China, yesterday saw a slight uptick by RMB 5 while SGX iron ore futures moved up by $1.9, as per our daily assessment.
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