DAILY: China’s SEADEX price refresh 7-year high – again

China’s imported iron ore prices continued to spike on December 4 although the trading activity was cool throughout the day. On Friday, Mysteel’s PORTDEX 62% Fe grade Australian Iron Ore Fines surged by Yuan 23/wmt ($3.5/wmt) on day to Yuan 944/wmt FOT Qingdao, a near three-month high. The SEADEX 62% Fe grade Australian Iron Ore Fines index increased too, rising by a solid $6.9/dmt on day to $144.85/dmt CFR Qingdao, a new high since March 8 2013.