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DAILY: China mills’ iron ore buying up, prices rise


China’s steel mills continued their iron ore replenishment on September 27 ahead of the upcoming National Day holiday over October 1-7, with ore prices also gaining.
On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao climbed further to Yuan 862/wmt FOT ($133.4/wmt) and including 13% VAT, up by Yuan 27/wmt from Sunday. Yesterday was a substitute working day in China for the National Day holiday, Mysteel Global notes. Also today, Mysteel SEADEX 62% Australian Fines gained by $9/dmt on day


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