SHANGHAI, Feb 16 (SMM)-Yesterday, iron ore futures fluctuated upward. The most-traded I2305 contract closed at 865.5 yuan/mt and rose 2.18%. The overall transactions were acceptable. Steel mills purchased on rigid demand, pushing up the spot trading. Prices of PB fines in Shandong moved between 875-880 yuan/mt, up 6-20 yuan/mt from the previous trading day, and those of PB fines in Tangshan were 884-888 yuan/mt, up 4-8 yuan/mt.

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