WEEKLY: China's import iron ore prices climb slightly

Prices for imported iron ore in China first increased and then declined during the past week, recording a small rise overall throughout the week and defying the pressure from the weakening fundamentals.

By November 28, Mysteel PORTDEX 62% Australian Fines in Qingdao had climbed by Yuan 6/wmt ($0.8/wmt) on week to Yuan 797/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines had also edged up by $0.5/dmt on week to $104.7/dmt CFR Qingdao. A further drop in mills'