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DAILY: China’s iron ore prices rise, sales thin


China’s prices of imported iron ore for both port inventories and seaborne cargoes increased for the second day on May 18, with trading for port inventories thinning.
On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao moved up by Yuan 30/wmt ($4.7/wmt) on day to Yuan 1,572/wmt FOT and including the 13% VAT, while on the same day, Mysteel SEADEX 62% Australian Fines also increased by $9.4/dmt on day to $223.05/dmt CFR Qingdao. The strong performance of iron


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