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Reuters reported spot iron ore prices fell as it tracked steel in China on lower demand.
Reuters reported spot iron ore prices fell as it tracked steel in China on lower demand.
As quoted in the market news:
Top miner Vale sold a cargo of 63.99-percent grade iron ore fines at $151 a tonne, cost and freight, at a tender that closed late on Tuesday, traders said.
The price was quite low versus Vale’s previous sale of 64.4-percent grade material at $157, said the Shanghai trader.