DAILY: China import iron ore prices diverge, sales increase

Trends in China's imported iron ore prices were mixed on January 28, with those for port stocks weakening while seaborne cargo prices edged higher. Meanwhile, trading activity picked up in both markets.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed lower at Yuan 793/wmt ($114/wmt) FOT and including the 13% VAT, down Yuan 6/wmt from Tuesday, while Mysteel SEADEX 62% Australian Fines inched up by $0.35/dmt on day to $103.9/dmt CFR Qingdao. On the Dalian Commodity Exchange, the most-traded