Iron ore Fe 62% fines spot price continued to rise by $1.05 d-o-d (3 Dec ’20) to $137.8/t CFR China on supply worries and continued rising demand. Near-term supply issues remained a major concern as Vale lowered its CY ’20 production estimate from at least 310 mn t previously to 300-305 mn t. Yesterday, DCE iron ore futures remained range-bound because of the same reason.
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