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ICEX sees robust iron ore futures on Japan demand

Posted on 25 March 2011

Increased demand from Japan will lead to “robust growth” in iron ore futures contracts at the Indian Commodity Exchange (ICEX), its chief executive said on Thursday, spurring volumes by up to 20 percent in 2011/12.
Rajnikant Patel, ICEX managing director and chief executive, told Reuters that as Japan rebuilds its disaster-hit infrastructure, Indian hedgers supplying to that country would drive up iron ore futures volumes……………………………………….Full Article: Source

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