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Reuters reported iron ore stays near five-month high as traders wait for China to buy to move forward again.
Reuters reported iron ore stays near five-month high as traders wait for China to buy to move forward again.
As quoted in the market news:
Iron ore with 62 percent iron content was unchanged at $147.60 a tonne on Monday, according to Steel Index, just off a five-month peak of $147.70 touched last week.
Iron ore forward swaps rose although volume cleared by the Singapore Exchange dropped to 92 lots on Monday from 376 lots on Friday.
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