UTC+8 ( BJT)

DAILY: China iron ore prices remain stable, trading flat

Price trends for imported iron ore in China’s portside and seaborne cargo markets remained generally stable on October 22. Mysteel’s PORTDEX 62% Fe Australian Fines price index remained unchanged at Yuan 880/wmt ($132.2/wmt) FOT Qingdao and including the 13% VAT, while the SEADEX 62% Fe Australian Fines price index edged up only by $0.05/dmt on day to reach $120.35/dmt CFR Qingdao.
On Thursday, buying interest among steelmakers for additional iron ore quantities at ports was still limited, though many ore traders were active in tabling offers for their port inventories. Some mills had undertaken procurement yesterday, market sources noted, and traders opted to refrain from accumulating more quantities at hand. Subsequently, by

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