WEEKLY: China's import iron ore prices stay rangebound

Chinese prices for imported iron ore moved within a narrow range during the week of September 14-18, yet weak demand and softening cost support are likely to keep prices under pressure in the coming week, Mysteel's latest weekly report shows.

Mysteel PORTDEX 62% Australian Fines was assessed at Yuan 687/wmt ($102.6/wmt) FOT and including the 13% VAT on September 18, down Yuan 2/wmt from a week prior, while Mysteel SEADEX 62% Australian Fines inched up by $0.35/dmt over the same period to reach $98.2/dmt CFR Qingdao. On the macro front,