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Iron ore price plunges as Chinese demand softens – MINING.COM – MINING.com
The most active iron ore futures on the Dalian Commodity Exchange plunged as much as 5.6%, hitting the lowest since May 27.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $171.55 a tonne, down 6.5% from Thursdays closing, the lowest since April.
“Domestic consumption (for iron ore) is weakening significantly… due to different…
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