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DAILY: China’s imported iron ore prices recover

The recovery seen Thursday in China’s imported iron ore prices became more pronounced on Friday, especially later in the day when market sentiment improved.
Mysteel assessed the 62% Australian iron ore fines price index up by Yuan 6/wmt ($0.8/wmt) on day to Yuan 713/wmt FOT Qingdao, including the 13% VAT. For seaborne cargoes, Mysteel assessed the 62% Fe Australian Iron Ore Index at $89.35/dmt CFR Qingdao and the 62% Fe Iron Ore Low Alumina Index

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