DAILY: China's imported iron ore prices edge down, sales mixed

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes extended their losses on January 16, while trading activity in the two markets diverged.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao dropped by Yuan 1/wmt ($0.14/wmt) from Thursday to Yuan 822/wmt FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines inched down by $0.1/dmt on day to $106.55/dmt CFR Qingdao. In the derivatives market, domestic iron ore prices also posted