DAILY: China imported iron ore prices recover, sales mixed

After falling for three consecutive trading days, China's imported iron ore prices increased for both port stocks and seaborne cargoes on February 4, while trading activity in the two markets diverged.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 787/wmt ($113.4/wmt) FOT and including the 13% VAT, higher by Yuan 3/wmt from Tuesday. The same day, Mysteel SEADEX 62% Australian Fines edged up $0.95/dmt on day to $103.85/dmt CFR Qingdao. In the derivatives market, the most-traded