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IO up again - $126-127 per tonne for 63.5%Fe.


China's imported iron ore market strengthened on Thursday December 13, on tightening supply and bullish sentiment.

Mainstream prices of 63.5% Fe content Indian fines stood at $126-127 per tonne cfr China during the day, up from $124-126 per tonne cfr on Wednesday. "Some bullish traders are chasing rising prices, and others are holding onto their cargos on expectation of higher prices," one iron ore trader in Shanghai said. One 165,000 tonne-cargo...