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Iron ore slips to near 2009 low as glut weighs on market

Iron ore fell to its weakest level in more than five years as a supply glut continued to weigh on the commodity that has nearly halved in value this year.   But some buyers in China, which imports two-thirds of ...

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two factors to lead to devastation of iron ore

After a strong session trade, the value of iron has returned back to a level above 70 dollars per tonne, with a hike of 2 percent.   At the end of the recent trading sessions the average price iron ore stored for ...

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Iron ore demand forecast to stay steady in 2015

Iron ore imports are expected to grow 6.4 percent year-on-year to around 1 billion metric tons in China during 2015, driven largely by lower commodity prices and growth in domestic demand, industry experts said. The growth rate is significantly lower ...

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Iron ore price may fall further on growing supply, falling demand

The iron ore with content rate of 62 percent delivered to the port of Qingdao declined to 70.20 dollars per tonne, lowering 6.8 percent in the present week. According to the  data, the present value of iron ore is the lowest since ...

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Dalian iron ore extends gains to 3-week high, but glut weighs

Chinese iron ore futures rose to their highest in more than three weeks on Tuesday, adding to sharp gains from the previous session after being hammered for most of this year, but lingering worries over a supply glut kept a ...

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Iron Ore market sentiment picks up

Iron Ore market sentiment picked up on Friday, with futures on the Dalian bourse and Shanghai rebar futures both rallying around 1%, while traders reporting a slight uptick in enquiries for spot ore, said The Steel Index.   Transaction prices ...

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