DAILY: China's imported iron ore prices stabilise after earlier falls

Prices for both portside and seaborne imported iron ore cargoes in China ticked up on June 18 after the declines of the previous two days. However, port trading remained sluggish amid weakening steel prices.

On Thursday, the last day before China's Dragon Boat holiday weekend from June 19, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 714/wmt ($105.5/wmt) FOT including the 13% VAT, rallying marginally by Yuan 1/wmt from the previous day. The same day, Mysteel SEADEX 62% Australian Fines