According to 16 June data, the China 62% Fe iron ore price, which remained stable at 110,00 USD, on 17 June recorded a decrease of 1,00 USD by %0,92, moving down to 109,00 USD level. Similarly, in the South Korea market, the 61% Fe iron ore price, which reached 102,00 USD as of 16 June, recorded a decrease of %0,99 by 1,00 USD and declined to 101,00 USD level.
Despite this downward trend in the market, prices in other spot markets in Far East remained stable today as well, as they did yesterday. The 62% Fe products in Indonesia and Vietnam, which stabilized at 101,00 USD on 16 June, maintained the same level on 17 June. In the Japan market, the iron ore price also continued its sideways movement at 101,00 USD level today, as it did yesterday.
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