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DAILY: China’s imported iron ore prices rise, trading up

Imported iron ore prices for port inventories and seaborne cargoes in China both increased on September 27, as market participants were bullish about prices once business restarts on October 8 following next week’s National Day holidays.
On Friday, Mysteel’s 62% Australian iron ore fines price index rose to Yuan 744/wmt ($104.4/wmt) FOT Qingdao including the 13% VAT, up by Yuan 2/wmt on day. For seaborne markets, Mysteel assessed the 62% Fe Australian Iron Ore Index at $91.40/dmt CFR Qingdao and the 62% Fe Iron Ore Low Alumina

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