The 62% Fe Iron Ore Index was assessed $3.75/dry mt higher at $137.25/dmt CFR North China Wednesday, as trades went through at firmer levels. Since the beginning of this month spot prices of 62% Fe ore have risen $19.25/dmt, according to Platts data. Sentiment was generally bullish. Traders expected stronger prices for cargoes landing in China during January on tightened supply, and some sources said this lack of material, with limited availability from the three majors, was the primary driver of the increases.
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