DAILY:Seaborne iron ore index edge lower amid increasing trading activities

The seaborne index decreased slightly on Tuesday, November 10 after the public holiday in Singapore. The Mysteel SEADEX 61% Fines decreased $0.20/dmt to $92.70/dmt, while the corresponding 62% Low Alumina Fines index decreased $0.50/dmt to $97.30/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market increased compared with yesterday. On the public platform, one parcel of NF with a December 11-20 laycan was sold at fixed price of $92.40/dmt basis 61% Fe, equivalent to a premium of around -$0.1/dmt to the December index. One parcel of PBF with a