DAILY:Seaborne iron ore index falls largely amid fresh trades

The seaborne index declined on Tuesday, October 27. The Mysteel SEADEX 61% Fines dropped by 1.27% or $1.15/dmt to $89.05/dmt, while the corresponding 62% Low Alumina Fines index dropped by 1.15% or $1.1/dmt to $94.3dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market was reduced, with two parcels occurring on the platform. One parcel of JMBF with a November 29-December 8 laycan was sold at a discount of $3.00/dmt against the December AM 61% Fe Index. Later, one parcel of NHGF with a November 26-December 5 laycan