According to Metal Bulletin, the spot price for benchmark 62% fines slipped by 0.2% to $85.81 a tonne, partially reversing the 1.7% surge seen a session earlier.
Lower grade ore also fell with 58% fines slumping 1% to $69.35 a tonne, giving back all of the gains achieved in the previous two sessions.
Higher grade ore managed to buck the broader trend with 65% fines edging up 0.1% to $96.40 a tonne, leaving it at a one-week high.
Iron ore price, page-11239
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