DAILY: China imported iron ore prices rebound

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes recovered slightly on May 22 after dropping for six consecutive workdays, according to Mysteel's latest assessment.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 770/wmt ($113/wmt) FOT including the 13% VAT, gaining by Yuan 3/wmt on day, while Mysteel SEADEX 62% Australian Fines also rebounded by $0.4/dmt on day to $107.95/dmt CFR Qingdao. Traders in Jingtang and Caofeidian ports raised their