DAILY:Seaborne iron ore index changes slightly amid fresh trades

The seaborne index changed slightly on Wednesday, July 29. The Mysteel SEADEX 61% Fines increased by 0.15% or $0.15/dmt to $97.1/dmt, while the corresponding 62% Low Alumina Fines index decreased by 0.05% or $0.05/dmt to $103.35/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market was improved, one parcel of MACF with a September 1-10 laycan was traded at a fixed price of US $96.6/dmt on a 60.5% basis, it translated to floating price discounts of approximately US $-0.7/dmt against the September index." The discount of MACF is narrowing,