DAILY: Seaborne iron ore index increases, yet market liquidity stayed relatively thin

The seaborne iron ore index rose, but market liquidity remained weak. on Wednesday, July 8, 2026. The Mysteel SEADEX 61% Fines increased by 1.02% or $1.00/dmt to $98.75/dmt, while the corresponding 62% Low Alumina Fines index increased by 1.01% or $1.05/dmt to $105.05/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market remained tepid. On public platforms today, no seaborne cargo transactions were concluded, with only a single low-priced inquiry for JMBF emerging. Meanwhiles, mines privately negotiated tenders for NBL, Minas Rio Concentrates, SSCJ, and Liberian lump at undisclosed prices. Some market participants mentioned that the tenders