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DAILY: China portside iron ore price up, seaborne down


Chinese prices of imported iron ore in portside markets gained on October 15, while prices for seaborne cargoes decreased. Trading in the seaborne market also cooled.
On Friday, Mysteel SEADEX 62% Australian Fines dropped by $1/dmt on day to $124.65/dmt CFR Qingdao after Thursday’s $4.1/dmt rise, while Mysteel PORTDEX 62% Australian Fines in Qingdao increased by Yuan 6/wmt ($0.9/wmt) on day to Yuan 895/wmt FOT and including 13% VAT, more than offsetting yesterday’s Yuan 4/wmt dip. Most traders in the portside


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