DAILY: China's imported iron ore prices track apart, sales rise

China's imported iron ore prices moved in opposite directions across portside and seaborne markets on March 3, with portside prices dipping while seaborne prices edged higher. The same day, trading activity in both markets continued to rise.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao slid by Yuan 1/wmt ($0.14/wmt) from Monday to stand at Yuan 757/wmt FOT including the 13% VAT. In contrast, Mysteel SEADEX 62% Australian Fines ticked up by $0.45/dmt on day to $102.55/dmt CFR Qingdao. Meanwhile, the derivatives market strengthened further today,