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Listen to what the insider said about long term iron ore price:...

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    Listen to what the insider said about long term iron ore price:
    (More detailed as I posted early morning)

    Li Xinchuang, executive vice secretary-general of the China Iron and Steel Association,

    Li said iron ore prices, now just above $60 a tonne, could fall below that level but were unlikely to stay down there for a long time. He forecast prices would average between $65 and $75 this year.
 
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