DAILY: China's seaborne iron ore index increases largely amid fresh trades

The seaborne index increased on Thursday, September 3. The Mysteel SEADEX 61% Fines rose by 2.37% or $2.30/dmt to $99.30/dmt, while the corresponding 62% Low Alumina Fines index rose by 2.22% or $2.25/dmt to $103.75/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market remained stable, with several parcels occurring on the platform. One parcel of MACF with an October 1-10 laycan was sold at a fixed price of $98.5 on a 60.5% basis. While one parcel of October arrival IOCJ was offered at a fixed price of