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Saving Grace

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Monday, 04/11/2016 4:45:14 AM

Monday, April 11, 2016 4:45:14 AM

Post# of 8706
Reuters - Shanghai steel rallies to 10-month high

- India | Mon Apr 11, 2016 12:43pm IST

Iron ore futures also advanced. The most-traded September iron ore on the Dalian Commodity Exchange closed up 3.3 percent at 388 yuan a tonne, after peaking at 394.5 yuan.

On the Singapore Exchange, the most-active June iron ore also climbed 3.3 percent to $51 a tonne.

Firmer futures are likely to lift bids for physical iron ore cargoes and boost the spot benchmark, traders say. Iron ore for immediate delivery to China's Tianjin port .IO62-CNI=SI slipped 0.9 percent to $53.30 a tonne on Friday, according to The Steel Index.



http://in.reuters.com/article/asia-ironore-idINL3N17E2DP
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