WEEKLY: China's import iron ore prices continue rising

Chinese prices for imported iron ore gained more ground last week, as oil supply disruptions caused by the Middle East war continued to bolster freight rates, while recovering demand for the steelmaking material also lent prices some support.

By March 13, Mysteel PORTDEX 62% Australian Fines in Qingdao had increased by Yuan 20/wmt ($2.9/wmt) on week to Yuan 787/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines had also trended higher to reach $109.95/dmt CFR Qingdao, up $5.95/dmt on week. Last week as the