DAILY: Seaborne iron ore prices decrease amid limited trading activities

Seaborne iron ore prices moved lower slightly on Thursday, August 20. The Mysteel SEADEX 61% Fines decreased $0.40/dmt to $95.35/dmt, while the corresponding 62% Low Alumina Fines index decreased by $0.45/dmt to $100.20/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained relatively limited. One parcel of NBL with a September 21-30 laycan was sold at a fixed lump premium of $0.2850/dmtu against the October Index on the public platform. Some market participants noted that the buyer is not only purchasing NBL resources but