It looks like the gyrations in the spot iron ore price will continue this evening.
The most actively traded September contract on the Dalian commodities exchange is currently up 3.13% to 445 yuan, indicating a likely gain in spot price overnight.
On Tuesday the price for 62% fines climbed 2.2%, or $1.34, to $61.34 a tonne according to pricing from Metal Bulletin’s iron ore index.
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