DAILY: China's spot imported iron ore prices fall, trades surge

China's imported iron ore prices dropped for portside stocks on December 23 even as trading activity in this market surged. On the other hand, prices remained largely stable for seaborne cargoes while trading weakened.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 793/wmt ($113/wmt) FOT and including the 13% VAT, down by Yuan 5/wmt from the day before. Also on Tuesday, Mysteel SEADEX 62% Australian Fines dipped by a tiny $0.4/dmt on day to $106.25/dmt CFR Qingdao. In the