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DAILY: Trading diverges on China’s iron ore price rises

China’s imported iron ore prices for both port inventories and seaborne cargoes grew on December 4, though trading volume fell amid the moderate price strengthening.
On Wednesday, Mysteel’s 62% portside iron ore index grew Yuan 9/wmt ($1.3/wmt) on day to Yuan 674/wmt FOT Qingdao and including the 13% VAT, and the pricing index for the 62% seaborne iron ore fines recovered by$0.55/dmt from Tuesday to $88.65/dmt CFR Qingdao. On Wednesday, in the portside market, traders were

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