Indian iron ore spot FOB prices on the roll
It is reported that Chinese buyers, on the backdrop of imminent settlement of benchmark prices with 33% to 44% cut, have become more aggressive on the spot market.
In addition, due to incoming monsoon season, the availability of Indian cargoes is also limited.
This has resulted in positive sentiment leading to spurt on spot prices of Indian iron ore fines on June 2nd 2009
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