DAILY: China's imported iron ore prices mixed, trade rises further

Chinese prices of imported iron ore nudged higher for port stocks but slipped further for seaborne cargoes on March 24, while trading activities continued to improve in both markets.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 780/wmt ($113.4/wmt) FOT and including the 13% VAT, higher by Yuan 1/wmt from Monday, while Mysteel SEADEX 62% Australian Fines dropped $0.65/dmt on day to $110.1/CFR Qingdao. Bullish sentiment still lingered in China's iron ore derivative market,