DAILY: China's imported iron ore prices edge up further

Chinese prices of imported iron ore continued to climb for both portside stocks and seaborne cargoes on May 7, while trading activities were mixed in the two markets.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 799/wmt ($117.3/wmt) FOT and including the 13% VAT, slightly up Yuan 2/wmt from the previous day, while Mysteel SEADEX 62% nudged up by $0.2/dmt from yesterday to reach a new high since July 2024 at $112.8/wmt