DAILY: China's imported iron ore prices rise

China's imported iron ore prices climbed for both portside stocks and seaborne cargoes on December 29. Trading activity in the spot market plunged but improved for seaborne cargoes.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 808/wmt ($115/wmt) FOT and including the 13% VAT, higher by Yuan 7/wmt from last Friday. Also on Monday, Mysteel SEADEX 62% Australian Fines advanced by $1.1/dmt from last Friday to $106.45/dmt CFR Qingdao. In the derivatives market,