MYSTEEL:Seaborne iron ore index rebounds amid firm medium-grade fines prices

The seaborne iron ore index increased as the medium-grade fines prices remain firm on Thursday, July 2, 2026. The Mysteel SEADEX 61% Fines increased by 0.98% or $0.95/dmt to $97.75/dmt, while the corresponding 62% Low Alumina Fines index increased by 0.78% or $0.80/dmt to $103.70/dmt. Both indices are based on CFR Qingdao.

In addition to the firm prices of mainstream medium-grade resources, some market participants also mentioned that today's market rumors about low-grade resources has also provided some support for the indices. Liquidity in the primary market did not show significant improvement. A cargo of MACF delivered in August was sold on