DAILY: China's imported iron ore prices strengthen, trades slow

Chinese prices for imported iron ore continued to move upward for both port stocks and seaborne cargoes on January 12, while trading activity cooled in both markets.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 833/wmt ($119.4/wmt) FOT and including the 13% VAT, up Yuan 3/wmt from last Friday. The same day, Mysteel SEADEX 62% Australian Fines also edged up $0.1/dmt from Friday to $109.3/dmt CFR Qingdao. Iron ore derivatives posted gains