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China’s central bank ramped up liquidity support to the banking system by conducting medium-term lending facility operations worth 789 billion yuan.With 500 billion yuan worth of MLF loans maturing, the bank is injecting fresh liquidity into the banking system., benchmark 62% Fe fines imported into Northern China rose 1.84% on Monday, to $120.20 per ton.
The benchmark November iron ore contract on the Singapore Exchange was 2.46% higher at $117.1 a ton, as of 0701 GMT, the highest since Oct. 3.
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