DAILY: China import iron ore prices strengthen further, trade mixed

Chinese prices for imported iron ore continued rising for both portside inventories and seaborne cargoes on January 23, while trading activity diverged in the two markets.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 807/wmt ($115.7/wmt) FOT and including the 13% VAT, higher by Yuan 7/wmt from Thursday. The same day, Mysteel SEADEX 62% Australian Fines climbed $1.15/dmt on day to reach $105.4/dmt CFR Qingdao. Ferrous commodities rose across the board