DAILY: China's imported iron ore prices gain, sales retreat further as holiday looms

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes posted slight gains on April 30, while transaction volumes in the two markets fell for the second consecutive workday.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 773/wmt ($113/wmt) FOT including the 13% VAT, up by Yuan 2/wmt on day, while Mysteel SEADEX 62% Australian Fines also edged higher by $0.25/dmt on day to $109.75/dmt CFR Qingdao. In the derivatives market, domestic iron ore