DAILY: Seaborne iron ore prices edge lower amid modest trading activity

Seaborne iron ore prices fell on Tuesday, September 22, with market liquidity reduced. The Mysteel SEADEX 61% Fines Index fell 1.19% or $1.15/dmt to $95.25/dmt, while the 62% Low Alumina Fines Index shed 1.14% or $1.15/dmt to $99.85/dmt. Both indices are based on CFR Qingdao.

Primary market liquidity was limited, with only one parcel of NBL, with an October 16–25 laycan, traded at a fixed lump premium of $0.2400/dmtu against the October 61% Index, which showed a slight increase compared with previous trading. Sources indicated that port prices for mainstream lumps remained firm, delivering