DAILY: Seaborne iron ore prices decrease slightly amid limited transactions

The seaborne iron ore index fell on Friday, July 3. The Mysteel SEADEX 61% Fines decreased by 0.41% or $0.40/dmt to $97.35/dmt, while the corresponding 62%Low Alumina Fines index declined by 0.10% or $0.10/dmt to $103.60/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained relatively limited. One parcel of BRBF was sold at a premium of $0.3/dmt against the August Low-Alumina Index on the public platform. Tenders for Jinbao Fine and NBUL were finalized via bilateral negotiations at undisclosed prices. "We have observed a clear narrowing trend