DAILY: Seaborne iron ore index holds in a narrow range amid sluggish market activity

Seaborne iron ore index fluctuated within a narrow range and the market remained relatively sluggish. on Tuesday, September 15th, 2026. The Mysteel SEADEX 61% Fines decreased $0.35/dmt to $94.40/dmt, while the corresponding 62% Low Alumina Fines index decreased $0.15/dmt to $99.40/dmt. Both indices are based on CFR Qingdao.

The liquidity in the primary market has weakened. On the public platform, two parcels of PBF cargoes with mid-October laycan were concluded at fixed prices of $94.35/dmt and $94.50/dmt based on 61% Fe content, while one MACF cargo for early-to-mid October laycan was concluded at a fixed price of