DAILY: China's iron ore prices lose steam, trade mixed

China's imported iron ore prices lost upward momentum in both portside and seaborne markets on July 4, as market sentiment turned cautious. Meanwhile, buying activity for the steelmaking feed showed mixed trends in the two markets the same day.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao stayed unchanged on day at Yuan 725/wmt ($101.2/wmt) FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines fell by $0.7/dmt from Thursday to reach $95.2/dmt CFR Qingdao. In the derivatives market, the Dalian Commodity Exchange's most-traded September iron