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DAILY: China iron ore prices up, trading thin

Prices for imported iron ore in China’s portside and seaborne cargo markets strengthened on October 30, with Mysteel’s PORTDEX 62% Fe Australian Fines index recovering by Yuan 9/wmt ($1.3/wmt) on day to reach Yuan 873/wmt FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Fe Australian Fines price also increased by $2/dmt on day to $117.9/dmt CFR Qingdao.
On Friday, many ore traders were active in tabling offers for their port inventories at hand, and some raised their offering prices by Yuan 5-10/wmt following the increase in iron ore futures prices in Dalian throughout the day. However, buying interest among many steel mills for additional iron ore port inventories weakened, as most had


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