UTC+8 ( BJT)

DAILY: Chinese portside iron ore trade dips, seaborne up

Trading activity in China’s portside and seaborne iron ore markets diverged on August 13. Mysteel’s PORTDEX 62% Fe Australian Fines index slid by Yuan 1/wmt ($0.14/wmt) on day to Yuan 930/wmt FOT Qingdao and including 13% VAT while the SEADEX 62% Fe Australian Fines price dipped by $0.35/dmt on day to $121.65/dmt CFR Qingdao.
Iron ore traders at Chinese portside markets continued to raise offer prices in the morning, encouraged by firm consumption from domestic steelmakers the day before. However, inquiries from steel mills were sparse, the steelmakers having undertaken concentrated replenishment yesterday. As of Wednesday, the stocks of imported iron ore fines at

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