DAILY:Seaborne iron ore prices fluctuate in a narrow range amid improved demand

Seaborne iron ore prices fluctuated narrowly on Wednesday, October 14, 2026, with several market participants show a strong buying interest in medium-grade fines. The Mysteel SEADEX 61% Fines Index rose 0.11% or $0.10/dmt to $89.85/dmt, while the 62% Low Alumina Fines Index up 0.05% or $0.05/dmt to $94.50/dmt. Both indices are based on CFR Qingdao.

Primary market liquidity was robust. One parcel of NHGF with a laycan of November 09–18 was traded at a fixed price of $89.70/dmt on a 60.7% Fe basis, equivalent to a discount of around $0.4–0.5/dmt against the November index. Its floating price continued to move higher compared with previous