WEEKLY: China's import iron ore prices soften after holiday

Chinese prices for imported iron ore weakened overall during October 8-10, as trading activity in the market recovered only moderately after the country's National Day holiday over October 1-7, the findings of Mysteel's latest survey show.

On October 10 – a substitute workday for the holiday – Mysteel SEADEX 62% Australian Fines was assessed at $91.65/dmt CFR Qingdao, lower by 3.3% from September, while Mysteel PORTDEX 62% Australian Fines was determined 2.1% lower from the pre-holiday level at Yuan 656/wmt ($98/wmt) FOT and including the