DAILY : China's seaborne iron ore index moves lower amid fresh trades

The seaborne index decreased slightly on Tuesday, August 25. The Mysteel SEADEX 61% Fines dropped by 0.15% or $0.15/dmt to $97.05/dmt, while the corresponding 62% Low Alumina Fines index dropped by 0.64% or $0.65/dmt to $101.45/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market was improved, with several parcels occurring on the platform. One parcel of MACF with a September 16-25 laycan was sold at a fixed price of $97.1 on a 61% basis. And one parcel of BRBF with a September 3-12 laycan was traded at a