UTC+8 ( BJT)

DAILY: China portside ore prices stable, sales stumble

Mysteel’s PORTDEX 62% Fe Australian Fines index nudged down by a tiny Yuan 1/wmt ($0.1/wmt) from last Friday to reach Yuan 895/wmt FOT Qingdao and including the 13% VAT on September 28. By contrast the same day, the SEADEX 62% Fe Australian Fines price reversed up by $1.1/dmt from last Friday to $117/dmt CFR Qingdao.
On Monday, some iron ore traders in the port market, especially those holding limited stocks, firmed their offering prices. Looking beyond the upcoming National Day holidays, the traders were counting on steelmakers needing to rebuild their stocks after dipping into them to maintain production during the break. That post-holiday inventory rebuild will likely keep iron

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