Data from 15 and 16 June 2026 indicated activity in the Far East iron ore market. The global iron ore price increased by %0.83, rising by USD 0.85 on 15 June to reach USD 102.24.
Similarly, upward movements were recorded in CFR China futures within the Singapore commodity market. SGX iron ore 58% Fe and 65% Fe fines increased in value, reaching USD 102.18.
The Australia-origin 62% Fe iron ore price increased by %1.19, rising by USD 1.20 to USD 100.50 on 15 June. In the South Korea market, the 61% Fe iron ore price increased by %0.98, rising by USD 1.00 as of 16 June to reach USD 102.00.
According to 16 June data, the 62% Fe iron ore price in China remained stable at USD 110.00, while in India the 62% Fe iron ore price also showed no change at USD 109.00. In Indonesia and Vietnam, 62% Fe products stabilized at USD 101.00, while iron ore prices in Japan also maintained a flat trend at USD 101.00.
The latest data indicated that the overall outlook in the Far East iron ore market remained balanced. While limited increases were observed in global indices and reference markets such as Australia and South Korea, prices in most regional spot markets continued to move sideways.
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