DAILY: China's imported iron ore prices dip further

China's imported iron ore prices lost further ground for both portside stocks and seaborne cargoes on October 15 while trading diverged across both markets.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao stood at Yuan 778/wmt ($109/wmt) FOT and including the 13% VAT, lower by Yuan 5/wmt from the day before. Also on Wednesday, Mysteel SEADEX 62% Australian Fines dipped by a marginal $0.3/dmt from October 14 to $105.3/dmt CFR Qingdao. In the