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

Seaborne iron ore prices moved up on Saturday, October 10, amid limited liquidity over the weekend. The Mysteel SEADEX 61% Fines increased by 0.06% or 0.05/dmt to 89.6/dmt, while the 62% Low Alumina Fines index gained 0.32% or 0.3/dmt to 94.55/dmt. All indices are assessed on a CFR Qingdao basis.

As it was the weekend, the primary market was generally quiet, with no trades seen on public platforms. No tenders were observed in off-market mine deals either. The secondary market was also subdued, as most market participants remained cautious, waiting for clearer market direction. "It's the weekend with no futures