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Reuters reported iron ore fell for the thirteenth time in a row as investors eye restocking on the base metals.
Reuters reported iron ore fell for the thirteenth time in a row as investors eye restocking on the base metals.
As quoted in the market news:
Benchmark iron ore with 62 percent iron content hit $116.20 per tonne on Friday, its thirteenth consecutive decline and its lowest level since Dec. 29, 2009, according to the Steel Index.
Iron ore prices slid 7 percent last week and are on track for a drop of 13 percent this month, in the biggest monthly drop since October.
