Daily: Seaborne iron ore prices increase despite reduced market activity

Seaborne iron ore prices moved up on Tuesday, July 14, despite reduced treading activity with the Mysteel SEADEX 61% Fines climbed 1.43% or $1.40/dmt to $99.50/dmt, and the 62% Low Alumina Fines index gained 1.48% or $1.55/dmt to $105.95/dmt. All indices are assessed on a CFR Qingdao basis.

Some sources noted climbing seaborne freight rates offered partial support to rising iron ore prices. In addition, other market participants pointed out that hundreds of workers at BHP's Port Hedland iron ore operations are set to down tools on Thursday, after workers and their elected representatives failed to reach