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DAILY: China imported iron ore prices rise, trading down

China’s iron ore prices for port inventories and seaborne cargoes both rose on September 30, as many market participants were bullish about price trends after the National Day holiday week ends.
Mysteel’s 62% Australian iron ore fines price index rose on Monday to Yuan 756/wmt ($106/wmt) FOT Qingdao including the 13% VAT, higher by another Yuan 4/wmt on dayfromSunday’sprice. September 29 was a normal working day in China, Mysteel notes. For seaborne markets, Mysteel assessed the 62% Fe Australian Iron Ore Index

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