Singapore—A total of 1 million mt of seaborne iron ore fines were traded in the spot market on June 17, as miners offloaded July cargoes following the recent high prices. S&P Global Platts assessed the 62% Fe Iron Ore Index at $103.6/dry mt CFR North China on June 17, down $1.85/dmt day on day. The front-month July TSI swap was down $1.50/dmt over the same period at $101/dmt on June 17. Of the eight spot cargoes sold by miners via platforms or bilateral negotiations on June 17, six were scheduled for loading in the first half of July.
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