Singapore—S&P Global Platts assessed the 62% Fe Iron Ore Index at $125.2/dry mt CFR North China on Sept. 18, up $3.15/dmt from Sept. 17. The front-month October 62% Fe derivatives was up $3.25/dmt from Sept. 17 to $120.95/dmt on Sept. 18. Market sources saw supported buying interest in the spot market on Sept. 18, although buying preferences were distinctively shifting toward lower grade cargoes.
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