DAILY: Seaborne prices move lower amid fresh trades

Seaborne iron ore prices decreased slightly on Tuesday, July 7. The Mysteel SEADEX 61% Australian Fines decreased 0.36% or $0.35/dmt to $97.75/dmt and the corresponding 62% Low Alumina Fines index decreased by 0.30% or $0.30/dmt to $104.00/dmt. Both indices are based on CFR in Qingdao.

One parcel of MACF with an August 1-10 laycan was concluded at a fixed price of $96.75/dmt on a 60.5% Fe basis, translating to a floating price at roughly a $0.3/dmt discount to the August index. One parcel of JMBF with the same laycan was traded at a discount