DAILY: Seaborne iron ore prices increase slightly amid limited transactions

Seaborne iron ore prices increased on Monday, November 2, 2026. The Mysteel SEADEX 61% Fines increased by 0.77% or $0.70/dmt to $91.05/dmt, while the corresponding 62% Low Alumina Fines index up by 0.63% or $0.60/dmt to $96.35/dmt. Both indices are based on CFR Qingdao.

Trading activities in the primary market remained limited. One parcel of MACF with a December 6-15 laycan was sold at fixed price of $90.35/dmt basis 60.5% Fe on the public platform. Later, one parcel of NBL was sold at fixed lump premium $0.2340/dmtu against the December Index. "The lump premium