DAILY: Seaborne iron ore index continues to edge down but liquidity improves

Seaborne iron ore index continued to decline and refreshed the lowest level of the year on Friday. 9th October, but market activity improved, especially with a significant increase in direct-sale resources from mines in the primary market. The Mysteel SEADEX 61% Fines decreased $1.00/dmt to $89.55/dmt, while the corresponding 62% Low Alumina Fines index decreased $0.70/dmt to $94.25/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market began to recover on the second working day after the long holiday. On public platforms, transactions were concluded for resources such as MACF, JMBF, PBL and BRBF. Meanwhile, mines separately negotiated sales through undisclosed tenders for resources such as SP10F, SFHJ and LONT. "Today's market