DAILY: Seaborne iron ore index continues to fall amid divergent expectations

Seaborne iron ore index fell for three consecutive working days amid weakening liquidity and divergent market expectations on Friday, 11th September 11, 2026. The Mysteel SEADEX 61% Fines decreased $1.50/dmt to $95.85/dmt, while the corresponding 62% Low Alumina Fines index decreased $1.40/dmt to $100.45/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market showed little change. On the public platform, one parcel of NF was traded at a fixed price of $95.50/dmt based on 60.7% Fe content. Later, BRBF was offered at a fixed price of $100.90/dmt based on 62% Fe content, but failed to attract any