DAILY:Seaborne iron ore prices increase amid flash trading

Seaborne iron ore prices moved up on Friday, September 4, with trading concentrated in medium-grade fines. The Mysteel SEADEX 61% Fines increased by 0.05% or 0.05/dmt to 99.35/dmt, while the 62% Low Alumina Fines index gained 0.39% or 0.40/dmt to 104.15/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 JMBF with a laycan of October 6–15 was traded at a discount of $2.95/dmt against the October index, and its floating price was largely unchanged compared with the previous deal. Sources noted that JMBF