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DAILY: China’s iron ore prices stay low amid thin trading

China’s imported iron ore prices displayed more of Tuesday’s weakness on September 25, with trading activity staying sluggish and overall market sentiment remaining low.
Mysteel’s 62% Fe Australian Iron Ore Index at port dipped Yuan 2/wmt ($0.28/wmt) on day to reach Yuan 742/wmt FOT Qingdao, including the 13% VAT. In the seaborne market, Mysteel assessed the 62% Australian iron ore fines price index at $89.20/dmt CFR Qingdao, down $0.05/dmt and the 62% Fe Iron Ore


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