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

Prices for China’s imported iron ore edged lower again in both the portside and seaborne markets on April 3. Meanwhile, buying activity also declined in the two markets.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao slid by Yuan 2/wmt ($0.3/wmt) from Thursday to Yuan 769/wmt FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines dropped by $0.8/dmt on day to $109.55/dmt CFR Qingdao. In the derivatives market, Dalian iron ore futures also softened further,