Iron ore projected exports, page-37

58% fines rose by 0.5% to $52.04 a tonne, overshadowed by an enormous increase in ore with 65% Fe content which jumped 4.2% to $101.60 a tonne.
The latest buying frenzy coincided with another enormous rally in Chinese iron ore and rebar futures earlier in the session, underpinned by growing optimism that ballooning production margins and strong demand will encourage steel mills to lift output in the period ahead.
“China’s spot rebar prices surged on Monday as gains in the billet and futures markets stimulated trading activity,” said Metal Bulletin. “Buyers were encouraged to place bookings amid expectations of a further price rises.”

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