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Still, for every bull there was a bear. Copper will likely head back towards $4,000/mt before finding a floor, ANZ bank earlier this month. The bank has a Q2 2020 average forecast of $4,500/mt, with thepricearound $5,000/mt for the remainder of the year. MI is forecasting a 2020 average copperpriceof $5,850/mt, with a modest surplus of ...
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Platts IronOreIndex assessments reflect the tradeablepriceof ironoreat 5.30pm Singapore/Beijing time (9.30 am GMT). The IODEX assessment is not origin specific, and takes into account ores with iron content between 60-63.5% Prior to 2012, the spot market saw Indian material traded most actively; this shifted, with Australia being the main source of spotmediumgrade fines material.
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Get the latest Copperprice(HG:CMX) as well as the latest futures prices and other commodity market news atNasdaq.
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MMi Daily IronOreReport (June 22) DCE futures drifted lower throughout the day, though traders tried to hold physical quotes firm. Some mill bought to cover short-term demand, others were more cautious and not willing to buy today.
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