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

Seaborne iron ore prices moved up on Friday, October 23, 2026, driven by improved profitability at steel mills. The Mysteel SEADEX 61% Fines increased by 1.12% or 1.00/dmt to 90.45/dmt, while the 62% Low Alumina Fines index gained 0.76% or 0.80/dmt to 95.45/dmt. All indices are assessed on a CFR Qingdao basis.

Primary market liquidity was limited, with only two cargoes concluded on public platforms. One parcel of MACF with a November 26–December 05 laycan was traded at a fixed price of $90.60/dmt on a 61.0% Fe basis, equivalent to a discount of around $0.10–0.20/dmt against the December index. Another parcel