DAILY: China's imported iron ore prices jump as sentiment lifts

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes jumped on May 6, the first day after China’s May Day holiday over May 1-5, while trading volumes also improved across the two markets the same day.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 797/wmt ($117/wmt) FOT including the 13% VAT, swelling by a large Yuan 24/wmt from April 30, the last working day before the holiday, while Mysteel SEADEX 62% Australian Fines also gained $2.85/dmt from April 30 to