Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets. There was a stable increase in iron ore contacts through the trading session both in the Chinese futures market and swaps market on the Singapore Exchange, along with a decrease in last week’s iron ore shipment from Australia and Brazil, pushing up the seaborne iron ore prices, sources said.
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