UTC+8 ( BJT)

DAILY: China’s iron ore prices decline on weak demand

ABSTRACT

China’s prices for imported iron ore in port stocks and seaborne cargoes dived on April 30, with trading activities cooling throughout today as well.
On April 30, Mysteel PORTDEX 62% Australian Fines in Qingdao fell by Yuan 16/wmt ($2.5/wmt) on day to Yuan 1,305/wmt FOT and including the 13% VAT. On Friday too, Mysteel SEADEX 62% Australian Fines decreased by $4.1/dmt on day to $187.2/dmt CFR Qingdao. Portside iron ore trading activities cooled on April

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