Daily: Seaborne iron ore index remains largely stable approaching weekend

The seaborne iron ore index almost remained stable on Friday, July 24. The Mysteel SEADEX 61% Fines inched up $0.05/dmt to $97.05/dmt, while the corresponding 62% Low Alumina Fines index was down $0.15/dmt to $103.10/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained relatively limited. No resources were sold on the public platform. Tenders for Karara concentrate, SFCT and LONT were finalized via bilateral negotiations at undisclosed prices. "We observed that the premium for Karrara concentrate rebounded today, which is in line with our expectations. Recently,