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Vale S.A. expects the price of iron ore would keep rolling for the first half of 2013 after the average price remains at around US$150/ton in the first two months this year although the company has a biggest deficit last Q4 since 2004. The firm also estimates the companies of Jinling Mining and Panzhihua in China would get rebound if iron ore price keep going up. Vale still has strong confidence on Chinese market.