DAILY: Seaborne iron ore prices move sideways amid fresh trading activities

Seaborne iron ore prices were largely flat amid fresh trading activity on Monday, July 27. The Mysteel SEADEX 61% Fines remained at $97.05/dmt, while the corresponding 62% Low Alumina Fines index edged down 0.15% or $0.15/dmt to $102.95/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market improved significantly. Four parcels of mainstream resources including PBF, MACF and NF were sold on the public platform. "We learned that some market participants planned to bid on the MACF and PBF tender today, but some remained cautious with their bid prices, considering