DAILY: Chinese imported iron ore prices rise further

Chinese prices for imported iron ore continued to strengthen for both port inventories and seaborne cargoes on August 12, while trading remained active in the portside market.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 789/wmt ($110/wmt) FOT and including the 13% VAT, higher by Yuan 9/wmt from Monday. The same day, Mysteel SEADEX 62% Australian Fines climbed $1.05/dmt from the previous day to reach $103.3/dmt CFR Qingdao. China's ferrous market was