DAILY: China's imported iron ore prices dip, trading diverges

China's imported iron ore prices fell for both portside stocks and seaborne cargoes on October 31, whereas trading diverged across the two markets.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao stood at Yuan 806/wmt ($113/wmt) FOT and including the 13% VAT, lower by a marginal Yuan 2/wmt from the day before. Also on Friday, Mysteel SEADEX 62% Australian Fines slid by $0.3/dmt from October 30 to $106.3/dmt CFR Qingdao. In the