DAILY: Chinese imported iron ore prices diverge, sales rise

Prices for China’s imported iron ore largely retreated in the portside market on December 22, while seaborne prices edged up. Buying activity, however, picked up in both markets.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao slipped by Yuan 1/wmt ($0.14/wmt) from last Friday to Yuan 798/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines rose by $1.15/dmt from the prior working day to $106.65/dmt CFR Qingdao. In the derivatives market, iron ore