DAILY: China import iron ore prices largely stable, sales plunge

Chinese imported iron ore prices changed little for both portside stocks and seaborne cargoes on December 31, the last working day before China's three-day New Year holiday, while ore buying activity in the two markets declined significantly.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was unchanged from the previous day at Yuan 806/wmt ($115.3/wmt) FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines dipped by a marginal $0.25/dmt on day to $106.5/dmt CFR Qingdao. Iron ore futures prices declined further today, with