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DAILY: China imported iron ore prices up, trading dull

ABSTRACT

China's imported iron ore market saw prices for port inventories and seaborne cargoes rise on January 28, but trading in the seaborne market was quiet with the Chinese New Year (CNY) holiday officially beginning next Monday.
On January 28, Mysteel PORTDEX 62% Australian Fines in Qingdao surged by Yuan 53/wmt ($8.3/wmt) to Yuan 960/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also strengthened by $6.85/dmt to $146.1/dmt CFR Qingdao.   On Friday, iron ore futures prices on the Dalian Commodity Exchange

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