Singapore—Seaborne spot prices were stable June 19, with 590,000 mt of iron ore fines spot cargoes sold in the market. S&P Global Platts assessed the 62% Fe Iron Ore Index at $103/dry mt CFR North China on June 19, unchanged from June 18. The front-month July TSI swap was up 40 cents from June 18 at $100.45/dmt on June 19. “Spot transactions have been active in the week amid steady procurement demand from steelmakers, despite some bearish sentiments towards long steel products, margins remained positive,” a Chinese trader said.
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