DAILY: China import iron ore prices retreat, sales rise

Chinese imported iron ore prices declined in both the portside and seaborne markets on January 13. By contrast, buying activity in the two markets warmed up the same day.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao dropped to Yuan 830/wmt ($119/wmt) FOT and including the 13% VAT, down by Yuan 3/wmt from Monday, while Mysteel SEADEX 62% Australian Fines lost $1.25/dmt on day to $108.05/dmt CFR Qingdao. Iron ore futures prices in China weakened today, with the