DAILY: Seaborne iron ore prices edge lower amid modest trading activity

Seaborne iron ore prices retreated further on Monday, July 20, with market liquidity thin. The Mysteel SEADEX 61% Fines Index fell 0.5% or $0.50/dmt to $98.8/dmt, while the 62% Low Alumina Fines Index also down 0.57% or $0.60/dmt to $105.30/dmt. Both indices are based on CFR Qingdao.

Multiple parcels of BHP-origin fines changed hands in the primary market. One MACF cargo with Aug 8–17 laycan was struck on public trading platforms at $97.55 on a 60.5% Fe basis, equating to a $1.2–1.3/dmt discount to the August 61% Fines Index, marking a slightly decline in its floating