DAILY: China's imported iron ore prices, sales both show diverging trends

China's imported iron ore prices for portside stocks edged higher on April 24, while those for seaborne cargoes declined. Meanwhile, trading activity also moved in different directions across the two markets.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao rose by Yuan 1/wmt ($0.15/wmt) from Thursday to Yuan 771/wmt FOT including the 13% VAT, while Mysteel SEADEX 62% Australian Fines slipped by $0.1/dmt on day to $109.05/dmt CFR Qingdao. In the futures market, iron ore contracts rebounded following the previous day's weakness,