DAILY:Seaborne iron ore index moves higher amid fresh trades

The seaborne index increased slightly on Wednesday, August 5. The Mysteel SEADEX 61% Fines rose by 0.54% or $0.50/dmt to $93.55/dmt, while the corresponding 62% Low Alumina Fines index rose by 0.40% or $0.40/dmt to $99.75/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market was reduced, with no parcels occurring on the platform. Additionally, tenders of SFHJ, NBL, several combo cargoes of SP10F and SP10L, IOC6 and NPSP, and FBF were sold at undisclosed prices via bilateral negotiations with miners. In the secondary market, overall liquidity has shown some