UTC+8 ( BJT)

DAILY: China iron ore prices rise on improved sentiment

ABSTRACT

China's imported iron ore market saw prices for port inventories and seaborne cargoes rise on November 29 after both prices had declined for the two prior working days. Trading activity in the portside market picked up slightly too.
On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao increased by Yuan 41/wmt ($6.4/wmt) from last Friday to Yuan 682/wmt FOT and including the 13% VAT. On the same day, Mysteel SEADEX 62% Australian Fines grew to $102.25/dmt CFR Qingdao, up by $6.7/dmt from last Friday.   Chinese traders showed a strong

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