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DAILY: Iron ore prices up on better market sentiment

China’s imported iron ore prices for both the seaborne and port stocks markets increased on August 14 thanks to firming market sentiment.
On August 14, Mysteel assessed the 62% Fe Australian Iron Ore Index at $90.10/dmt CFR Qingdao and the 62% Fe Iron Ore Low Alumina Index at $90.65/dmt CFR Qingdao, up $0.70/dmt and $0.50/dmt respectively on day. The front-month September SGX iron ore swap was up by $1.60/dmt on day at $88.30/dmt. For port stocks, Mysteel’s 62%

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