DAILY: China portside iron ore prices stable, trading up
Aug 10, 2020 18:51
China’s portside iron ore market was stable on August 10, with Mysteel’s PORTDEX 62% Australian Fines price unchanged at Yuan 917/wmt ($131/wmt) FOT Qingdao and including the 13% VAT. On the same day, the SEADEX 62% Australian Fines index nudged down by a tiny $0.1/dmt on day to $118.55/dmt CFR Qingdao.
In morning business on Monday, most
traders at Chinese portside markets kept their offer prices stable and actively
tabled offers. In the afternoon to prompt more sales, some traders agreed to sacrifice
their margins moderately by up to Yuan 5/wmt during negotiations with mills.
However, though traders were
relatively active in selling their port