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Spot iron ore prices keep flat at US$143~US$145/ton CFR

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It’s reported that China’s iron ore market has stabilized on Monday after the steel prices are supported by easing of bank lending rules.

On Monday, the spot prices of Indian iron ore fines contain 63.5% Fe kept flat at US$143~US$145/ton CFR.

It’s known that the Chinese Central Bank cut the bank’s cash reserve requirements by 0.5% points, becoming effective from February 24th.
News Date 21 Feb 2012 13:42:04 reported by Steffan Wang

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