DAILY: China imported iron ore prices mixed, port sales climb

Chinese prices of imported iron ore for port inventories and seaborne cargoes showed mixed trends on May 20, with the former inching down and the latter edging higher, while iron ore buying in the portside market became active.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao dipped to Yuan 894/wmt ($123.6/wmt) FOT including the 13% VAT, down by just Yuan 1/wmt from last Friday. On the other hand, Mysteel SEADEX 62% Australian Fines moved higher by $1.5/dmt from Friday to reach $118.8/dmt CFR Qingdao. In China's derivatives market today,