Singapore—The Japanese export market continued its downtrend for the second week on dwindling overseas demand as buyers expected further correction in prices, sources said June 24. S&P Global Platts assessed the Japanese H2 FOB Tokyo Bay spot price at Yen 24,500/mt ($230/mt) on June 24, down Yen 2,000/mt on the week. An H2 FOB basis deal originating from the Japanese Kansai region was concluded on June 22 at Yen 24,000/mt to South Korea, slumping Yen 2,000/mt from tradable levels seen in the previous week.
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