DAILY: China's imported iron ore prices, sales both fall

Chinese prices for imported iron ore lost steam for both portside stocks and seaborne cargoes on March 18, while trading volumes also declined across the two markets.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed lower by Yuan 6/wmt ($0.9/wmt) on day at Yuan 775/wmt FOT and including the 13% VAT, while on the same day, Mysteel SEADEX 62% Australian Fines declined by $1.15/dmt on day to $110.2/dmt CFR Qingdao. Iron ore derivatives also