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DAILY: China’s import iron ore prices stay rangebound

Chinese prices of import iron ore for both the port and seaborne markets stayed rangebound Friday amid softening iron ore usage and low restocking interest at port.
Mysteel assessed the 62% Fe Australian Iron Ore Index at $119.50/dmt CFR Qingdao Friday and 62% Fe Iron Ore Low Alumina Index at $121.1/dmt CFR Qingdao, both flat from Thursday. As for the port stocks, Mysteel assessed the 62% Australian iron ore fines price index at Yuan 889/wmt ($129.3/wmt) FOT Qingdao and including the


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