DAILY: China's imported iron ore prices retreat

After rising during the first two days of this week, Chinese prices for imported iron ore pulled back for both portside stocks and seaborne cargoes on November 19, while sales remained diverged in the two markets.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao slipped by Yuan 2/wmt ($0.3/wmt) from the previous day to Yuan 796/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also dipped $0.15/dmt on day to $104.05/dmt CFR Qingdao. In the derivative market, the most-traded