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Reuters reported prices for spot Australian iron ore cargoes rose on Thursday backed by demand in China.
Reuters reported prices for spot Australian iron ore cargoes rose on Thursday backed by demand in China.
As quoted in the market news:
A drop in spot iron ore prices to two-week lows last week revived buying interest among Chinese mills, with traders also beginning to take positions on expectations of some more upside for prices as Beijing moves to boost its slowing economy.