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It's reported that the spot iron ore prices have decreased substantially recently.At present, the spot prices of Indian iron ore fines contains 63.5% Fe have fallen to US$147.5~US$148.5/ton C&F, down by US$5/ton from the previous US$152.5~US$153.5/ton C&F.It's known that spot iron ore prices started to fall since end of December from the highest level of US$159~US$160/ton C&F.