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Reuters reported gains in prices of iron ore forward swaps this week suggest spot rates could rebound when China returns to the market next week.
Reuters reported gains in prices of iron ore forward swaps this week suggest spot rates could rebound when China returns to the market next week.
As quoted in the market news:
The price of spot iron ore ended the third quarter down more than 22 percent, its biggest three-month loss ever, as an economic slowdown in China slashed the country’s appetite for the steelmaking raw material.