Iron ore price rally eases

The price of iron ore has retreated from its recent rally.

The price of iron ore has retreated from its recent rally, but still remains well above the levels it has been trading at in the weeks preceding the slight recovery.

Benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US115.3 a tonne, a decline on the $US117.60 price in the previous session.

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