DAILY: Seaborne iron ore index rebounds amid improved mid-grade liquidity

The seaborne index rebounds while market liquidity improved on Thursday, July 23. The Mysteel SEADEX 61% Fines increased by 1.04% or $1.00/dmt to $97.00/dmt, while the corresponding 62% Low Alumina Fines index increased by 0.93% or $0.95/dmt to $103.25/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market was robust, one parcel of PBF with a September 3-12 laycan was traded at a fixed price of US $97.45/dmt on a 61% basis, and one parcel of MACF with an August 16-25 laycan was sold at a fixed price of US $97.1/dmt on