DAILY: China portside imported iron ore prices edge up further

Chinese prices of imported iron ore continued to nudge higher for port stocks on December 19, while those for seaborne cargoes retreated. Trading activity cooled in both markets.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao sat at Yuan 799/wmt ($113.5/wmt) FOT and including the 13% VAT, slightly higher by Yuan 1/wmt from the previous day, while Mysteel SEADEX 62% Australian Fines slid $1.25/dmt on day to $105.5/dmt CFR Qingdao. Positive market sentiment still provided support for