DAILY: China’s imported iron ore prices rise, trading up
Sep 27, 2019 19:14
Imported iron ore prices for port inventories and seaborne cargoes in China both increased on September 27, as market participants were bullish about prices once business restarts on October 8 following next week’s National Day holidays.
On Friday, Mysteel’s 62% Australian iron ore fines price index rose to Yuan 744/wmt ($104.4/wmt) FOT Qingdao including the 13% VAT, up by Yuan 2/wmt on day.
For seaborne markets, Mysteel assessed the 62% Fe Australian Iron Ore Index at $91.40/dmt CFR Qingdao and the 62% Fe Iron Ore Low Alumina