DAILY: China imported iron ore prices dip, sales surge

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes posted mild declines on April 7, while transactions gained significantly in the two markets.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 768/wmt FOT including the 13% VAT, edging down by a small Yuan 1/wmt from last Friday, while Mysteel SEADEX 62% Australian Fines slid by $0.2/dmt from last Friday to $109.35/dmt CFR Qingdao. Monday was a holiday