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DAILY: China’s iron ore price stable, trade thinning

Mysteel’s portside iron ore index was assessed at Yuan 693/wmt ($97.6/wmt) FOT Qingdao and including the 13% VAT on October 18, after edging down by Yuan 1/wmt on day. Also on Friday, the seaborne index softened by a tiny $0.3/dmt on day to $85.55/dmt CFR Qingdao.
Sentiment in the iron ore portside market stayed subdued on October 18, with more traders hurrying to sell their stocks at hand today. Anticipating that ore prices will continue declining, several traders even tabled significantly lower offer prices to prompt sales, according to a market watcher in East China. Although some ore inquiries were


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