Singapore—The seaborne iron ore spot market in Asia was active June 23, with 10 cargoes totaling more than 1 million mt traded. S&P Global Platts assessed the 62% Fe Iron Ore Index at $102.50/ dry mt CFR North China on June 23, up $1/dmt from June 22. The front-month July TSI swap was up 40 cents/dmt from June 22 at $99.45/dmt on June 23. Two Newman Blend Fines cargoes and a Pilbara Blend Fines cargo were sold on globalORE between 4:00 pm and 5:10 pm Singapore time on June 23.
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