DAILY: China's imported iron ore prices rebound, sales slump

China's prices for imported iron ore in both the portside and seaborne markets witnessed an uptick on December 10 after dropping for nearly a week, while trading activities in both markets slumped.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao recovered by Yuan 4/wmt ($0.6/wmt) from Tuesday to Yuan 791/wmt FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines also climbed by $0.15/dmt on day to $104.3/dmt CFR Qingdao. Iron ore derivatives in Dalian posted broader gains today, with