DAILY: Seaborne iron ore index decreases significantly amid limited transactions

The seaborne index decreased on Thursday, November 12. The Mysteel SEADEX 61% Fines decreased $1.80/dmt to $90.25/dmt, while the corresponding 62% Low Alumina Fines index decreased $1.60/dmt to $95.20/dmt. Both indices are based on CFR Qingdao.

Liquidity in the primary market remained thin. On the public platform, one parcel of NBL with a December 16-25 laycan was reportedly traded at a fixed lump premium of $0.2300/dmtu against the December index, the lump premium held in line with the previous transaction. Later, one parcel of MACF