Tag: Iron ore prices drop
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China: Iron Ore Index Jumps After Vale Cuts Sales Estimate
Spot iron ore fines Fe 62% index has today jumped by almost USD 3.2/MT against yesterday and closed today at USD 87.05/MT, CNF China. Vale informed yesterday on its estimate on its iron ore sales volume for 2019 between 307 and 332 MnT. This is lower by 75 MnT against its previous estimated forecast. Vale’s…