DAILY: China’s iron ore prices ease, market stays dull
Oct 29, 2020 19:15
Mysteel’s PORTDEX 62% Fe Australian Fines price index reversed down by Yuan 1/wmt ($0.1/wmt) on day to Yuan 864/wmt FOT Qingdao and including the 13% VAT on October 29. The SEADEX 62% Fe Australian Fines price index also dipped by $0.7/dmt on day to reach $115.9/dmt CFR Qingdao on the same day.
On Thursday, many ore traders were still active in tabling offers for their port inventories at hand, and some adjusted their offering prices upwards slightly when iron ore futures prices on the Dalian Commodity Exchange gained ground temporarily in the morning.
For their part, steelmakers continued to have limited interest in