DAILY: Seaborne iron ore prices increase as trading focuses on medium-grade fines

Seaborne iron ore prices moved up on Tuesday, August 18, with trading concentrated in medium-grade fines, despite premiums continuing to increase. The Mysteel SEADEX 61% Fines increased $0.90/dmt to $96.10/dmt, while the 62% Low Alumina Fines index gained $0.80/dmt to $100.95/dmt. All indices are assessed on a CFR Qingdao basis.

Primary market liquidity was robust, with two trades concluded on public platforms. One parcel of MACF with a laycan of September 11–20 was traded at $95.50 on a 60.5% Fe basis, equating to a premium of $0.20–0.30/dmt against the October index. Its floating price was little changed versus the