Iron ore is still pulling back

Image: Getty/Sean-Gallup

Iron ore prices are still in retreat.

The spot price for 62% fines fell 1.1% to $US90.06 overnight, according to Metal Bulletin.

It still leaves prices at elevated levels, with the benchmark price for the 62% ore having broken through $US90 earlier this week.

Metal Bulletin noted that “recent gains proved unsustainable”.

Trading in iron ore futures resumes at 12pm AEDT.

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