DAILY: China's imported iron ore port prices remain stable

Chinese prices of imported iron ore continued to stay largely flat for portside inventories, while seaborne cargoes dipped further on February 12. Both markets quietened ahead of the next week's Chinese New Year holiday.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao stood unchanged from Wednesday at Yuan 769/wmt ($111.2/wmt) FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines was assessed at $101.35/dmt CFR Qingdao, lower by $0.3/dmt on day. In the derivatives market, domestic ferrous commodities weakened across the board