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DAILY: China’s iron ore prices rise, trading firm

Mysteel’s 62% portside iron ore fines index edged up by Yuan 10/wmt ($1.4/t) on day to Yuan 756/wmt FOT Qingdao and including the 13% VAT on October 10. The same day, the 62% seaborne index rose by $3.55/dmt from Wednesday to $93.80/dmt CFR Qingdao.
In morning business Thursday, iron ore traders lowered their offer prices for port inventories by Yuan 5/wmt to attract sales after the large decline in ore prices yesterday subdued market activity. Fortunately, the portside iron ore market warmed up in the afternoon with more inquiries heard from steel mills, chiefly

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