DAILY: China's imported iron ore prices soften further, sales pick up

China's imported iron ore prices in both the portside and seaborne markets pulled back further on December 8, while trading volume across the two markets recovered from Friday’s low levels.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao dipped by Yuan 3/wmt ($0.4/wmt) on day to Yuan 787/wmt FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines dropped by $1.2/dmt from last Friday to $104.5/dmt CFR Qingdao. In the derivative market, major ferrous futures also posted significant