DAILY: China’s iron ore price soars after CNY break
Feb 18, 2021 19:03
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China’s prices for imported iron ore at ports and for seaborne cargoes swelled on February 18, the first trading day after the Chinese New Year break over February 11-17, with more trades concluded compared with February 10, the last business day prior to the break.
On February 18, Mysteel’s PORTDEX 62% Fe Australian Iron Ore Fines surged Yuan 34/wmt ($5.3/wmt) from February 10 to Yuan 1,173/wmt FOT Qingdao and including the 13% VAT. No PORTDEX was published during CNY break. On Thursday, the SEADEX 62% Fe Australian Iron Ore Fines increased too by $10.85/dmt over