DAILY: China SEADEX iron ore price dips below $100/dmt

On August 19, Mysteel SEADEX 62% Australian Fines dropped to $99.35/dmt CFR Qingdao, falling by $0.8/dmt on day and marking the first time since July 22 that the seaborne cargo price has fallen below $100/dmt.

On the same day, Mysteel PORTDEX 62% Australian Fines in Qingdao slipped to Yuan 740/wmt ($108.6/wmt) FOT and including the 13% VAT, losing Yuan 3/wmt on day. Iron ore futures prices on the Dalian Commodity Exchange also slid today, while the traders' stocks of ore at ports remained sufficient, both