Following recent declines in spot prices, a number of transactions went through last Friday at higher levels with the iron ore Majors all selling material into the spot market, said The Steel Index.

A Brazilian miner sold a shipment of 61.85% fines via tender on index-linked basis. One Australian miner sold two cargoes of 61% PB fines at around 87.7, also through a tender. Another Australian miner offered a cargo of Yandi Fines under the 58 LAPS category on globalORE, which finally traded at 76.5.

On the same platform, MNP and MAC Fines category (both basis 62% Fe) were both sold on a floating price.

At Chinese ports, iron ore stock prices ticked lower again. Meanwhile, the most actively traded Chinese iron ore futures on DCE increased 0.16% while rebar futures lost 0.24% on SHFE in Shanghai.

All prices US$/dmt CFR China unless stated otherwise stated.