Spot iron ore price for Fe 62% fines yesterday rose by another $1.10 d-o-d to $119.05/t CFR China, on a better demand outlook for Dec cargoes. As per market sources, stronger steel sales and manufacturing PMI in China supported demand sentiment for Dec month. Iron ore futures in DCE yesterday rose by RMB 6.5 d-o-d-and in SGX, moved up by $1.64 d-o-d, as per daily SteelMint analysis.
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