DAILY: Seaborne iron ore prices increase amid limited liquidity

The seaborne iron ore index increased on Friday, July 31. The Mysteel SEADEX 61% Fines increased by 0.26% or $0.25/dmt to $94.65/dmt, while the corresponding 62% Low Alumina Fines index up by 0.25% or $0.25/dmt to $100.95/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained relatively limited. One parcel of JMBF with a laycan between September 3-12 was sold at a discount of $4.10/dmt against the September Index. Another parcel of PBF with a September 3–12 laycan was offered at a fixed price of $95.45/dmt on a