DAILY: Chinese imported iron ore prices mixed, sales drop

China’s imported iron ore prices were assessed mixed on June 5, with those in the portside market edging lower while those in the seaborne market ticked up slightly. Meanwhile, purchasing activity retreated in the two markets following the brief recovery the previous day.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao slipped by Yuan 1/wmt ($0.4/wmt) from Thursday to Yuan 745/wmt FOT including the 13% VAT. In contrast, Mysteel SEADEX 62% Australian Fines inched up by $0.2/dmt on day to $103.2/dmt CFR Qingdao. Meanwhile, iron ore futures continued to weaken today. The