DAILY:Seaborne iron ore index falls amid wait-and-see mood

The seaborne iron ore index dropped on cautious sentiment on Monday, July 13, 2026. The Mysteel SEADEX 61% Fines decreased by 0.76% or $0.75/dmt to $98.1/dmt, while the corresponding 62% Low Alumina Fines index decreased by 0.81% or $0.85/dmt to $104.4/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market remained fairly good. On open trading platforms, NF and MACF were concluded at fixed prices one after another. Some market participants noted that the discounts implied by these two fixed-price deals were largely unchanged from earlier levels. Meanwhile, mines held separate private tenders for products