DAILY: China's imported iron ore prices drop further

After showing signs of weakening on Wednesday, China’s prices for imported iron ore retreated further for both portside stocks and seaborne cargoes on November 20, while sales were still mixed in both markets.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao slipped by Yuan 3/wmt ($0.4/wmt) on day to Yuan 793/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also dipped $0.2/dmt from Wednesday to $103.85/dmt CFR Qingdao. In the derivative market, all major ferrous commodities