DAILY:Seaborne iron ore prices increase despite limited trading activity

Seaborne iron ore prices moved up on Wednesday, October 28, 2026, with the Mysteel SEADEX 61% Fines increased by 0.84% or 0.75/dmt to 89.80/dmt, while the 62% Low Alumina Fines index gained 0.74% or 0.70/dmt to 95.00/dmt. All indices are assessed on a CFR Qingdao basis.

Primary market liquidity was robust. Two parcels of MACF with a laycan of December 1–10 were traded at a fixed price of $89.40/dmt on a 60.5% Fe basis, equivalent to a discount of around $0.10/dmt against the December Index. Their floating prices were largely unchanged compared with the previous