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DAILY: China’s seaborne iron ore prices fall to $89.4/t

Low buying interest led China’s prices for imported iron ore for seaborne cargoes to reverse down on Tuesday to below $90 and a four-and-a half-month low. The port stocks market continued to soften on weak sentiment.
On August 13, Mysteel assessed the 62% Fe Australian Iron Ore Index at $89.40/dmt CFR Qingdao, a new low since April 1,and the 62% Fe Iron Ore Low Alumina Index declined to $90.15/dmt CFR Qingdao, both down $1.95/dmt on day.The front-month September SGX iron ore swap fell by $1.35/dmt on

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