DAILY: Seaborne iron ore prices decrease slightly amid limited liquidity

The seaborne iron ore index decreased on Tuesday, August 4. The Mysteel SEADEX 61% Fines declined by 0.21% or $0.20/dmt to $93.05/dmt, while the corresponding 62% Low Alumina Fines index fell by 0.15% or $0.15/dmt to $99.35/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained relatively limited. One parcel of NF with a September 1–10 laycan was sold at a fixed price of $92.60/dmt on 60.7% Fe basis. Another parcel of NBL with the same laycan was sold at a fixed lump premium of $0.2475/dmtu against the