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DAILY: China’s iron ore prices stable before CNY

Chinese prices of imported iron ore continued to hover on January 22, with Mysteel's PORTDEX 62% Fe Australian iron ore fines staying unchanged at Yuan 700/wmt ($101.4/t) FOT Qingdao including the 13% VAT. The same day, the SEADEX 62% Fe Australian iron ore fines index continued marking time at $95.5/dmt CFR Qingdao.
With only two days before the week-long Chinese New Year holiday starts, more and more iron ore traders have suspended their business and left the market to have a longer break for the country’s most important festival holiday. The few ore traders remaining firmed their offers and only agreed to

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