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iron ore agitation n

Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin traded at $150 a tonne, slightly above a 9-month low of $139.5 as sentiment over demand was lifted by news that the latest Covid-19 outbreak in China was under control. Yet, iron ore prices remain more than 30% below a record high of $230 hit in May amid curbs on steel production in China and improved supply outlook.

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