Seaborne iron ore prices were largely rangebound on Tuesday December 17 despite pollution curbs being removed in Tangshan. The benchmark May iron ore contract on the Dalian Commodity Exchange observed a dip in morning trading and remained largely flat for the remainder of the day, ending around 1.6% lower compared with the previous day’s settlement price. The January derivative contract on the Singapore Exchange was relatively stable, inching down by around $0.40 per tonne from the previous day to $92.16 per tonne cfr.
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