DAILY: China's prices for portside iron ore retreat again

After climbing marginally on Wednesday, prices of imported iron ore at Chinese ports retreated once again on Thursday, with Mysteel PORTDEX 62% Australian Fines in Qingdao assessed Yuan 2/wmt ($0.3/wmt) lower on day at Yuan 752/wmt FOT including the 13% VAT. On the other hand, Mysteel SEADEX 62% Australian Fines gained by $0.65/dmt on day from Wednesday to $101.7/dmt CFR Qingdao.

Iron ore futures prices in Dalian held largely steady today, with the price of the most popular ore futures contract for May delivery on the Dalian Commodity Exchange closing the daytime trading session at Yuan 748.5/t, unchanged from Wednesday's settlement price, according to the exchange's data. Prices offered by sellers