DAILY: Seaborne iron ore prices fluctuate within a narrow range amid flash trading

Seaborne iron ore prices fluctuated narrowly on Tuesday,July 28, with trading concentrated in medium-grade fines.The Mysteel SEADEX 61% Fines down 0.1% or 0.1/dmtto 96.95/dmt, while the 62% Low Alumina Fines indexgained 0.44% or 0.45/dmt to103.4/dmt. All indices areassessed on a CFR Qingdao basis.

Primary market liquidity remained relatively robust. One NHGF cargo with an August 29 – September 7 laycan was traded on public platforms at $97.05 on a 61% Fe basis, equivalent to a discount of $1.1–1.2/dmt to the September 61% index. Its floating differential edged up moderately from the prior