DAILY: China’s imported iron ore prices up, trade stable
Oct 28, 2020 19:08
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Mysteel’s PORTDEX 62% Fe Australian Iron Ore Fines price increased Yuan 6/wmt ($0.9/wmt) on day to Yuan 865/wmt FOT Qingdao and including the 13% VAT on October 28, bringing an end to the successive declines when began last Friday. On Wednesday, Mysteel’s SEADEX 62% Fe Australian Iron Ore Fines rose further by $0.95/dmt on day to $116.6/dmt CFR Qingdao.
Offers for iron ore port stocks increased moderatelytoday, with traderskeeping theiroffering prices stable at major Chinese portside markets in the morning. However, steel mills’iron ore inquiries remained sparsecompared with yesterday.
In the afternoonsome traders, aware that transactions for finished steel were warming and that steel prices were rising, attempted to liftoreprices