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DAILY: Portside iron ore price stable on firm sales

Mysteel’s 62% portside iron ore index remained unchanged on day at Yuan 689/wmt ($97.9/wmt) FOT Qingdao and including the 13% VAT on December 11. On the same day, the 62% seaborne iron ore index rose by $1.5/dmt on day to $94.5/dmt CFR Qingdao.
Iron ore traders at major portside markets lowered their offer prices for port stocks by Yuan 5/wmt in the morning Wednesday to prompt sales, given the market’s weak performance yesterday. After actively procuring ore on Monday, a few domestic steel mills were still holding a wait-and-see stance on Wednesday morning. However, more steelmakers returned to

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