DAILY: China's imported iron ore prices edge up, sales mixed

Chinese prices of imported iron ore rose slightly for both portside stocks and seaborne cargoes on May 13, while transactions were mixed in the two markets.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 799/wmt ($118/wmt) FOT and including the 13% VAT, up by a small Yuan 4/wmt on day. The same day, Mysteel SEADEX 62% Australian Fines inched up by $0.85/dmt from Tuesday to $113.15/dmt CFR Qingdao. In the derivatives