DAILY: China’s iron ore prices up amid active trading
China’s imported iron ore prices for both port inventories and seaborne cargoes reversed up on April 22, with Mysteel’s PORTDEX 62% Fe Australian iron ore fines rising by Yuan 6/wmt ($0.8/wmt) on day to Yuan 668/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian iron ore fines index also rallied by $1.35/dmt on day to reach $84.75/dmt CFR Qingdao.On Wednesday, inquiries from mills for port inventories increased as many aimed to replenish ore stocks for their immediate production needs
$84.75 in Qingdao
DAILY: China’s iron ore prices up amid active...
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