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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIron ore futures fell on Friday and were on track to end the week lower.
The most traded iron ore contract in January on the Chinese Commodity Exchange in Dalian (DCE) ended the morning session down 1.3% to 795.5 yuan (109.34 dollars) per metric ton. The January reference price of iron ore on the Singapore Stock Exchange fell by 2.32% to 103.6 dollars per ton, but rose 2.65% this week, at 03:30 GMT. The contract has fallen by 0.06% since the start of the week, ending a three-week rise. According to ore prices are also boosted by high port stocks, which stand at over 150 million tons, the highest level ever recorded at this time of year
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