DAILY: Seaborne iron ore prices see narrow fluctuations amid thin trading

Seaborne iron ore prices fluctuated narrowly on Friday, November 13, 2026, as weak mill margins dampen demand. The Mysteel SEADEX 61% Fines Index rose 0.06% or $0.05/dmt to $90.30/dmt, while the 62% Low Alumina Fines Index up 0.11% or $0.10/dmt to $95.30/dmt. Both indices are based on CFR Qingdao.

Primary market liquidity weakened with no translation reported on the public platforms. In addition, there is also no tender sold via bilateral negotiations with miners. The secondary market also remained quiet, though some participants showed solid buying interest in mainstream medium-grade fines, especially MACF. Sources said tradable supply of MACF