DAILY: China imported iron ore prices drop further

Chinese prices of imported iron ore for both port stocks and seaborne cargoes dropped for the second straight working day on December 19, while trading remained sluggish in the portside market.

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao fell Yuan 21/wmt ($3/wmt) from Friday to Yuan 810/wmt FOT and including the 13% VAT. On the same day, Mysteel SEADEX 62% Australian Fines also dropped $3.45/dmt from Friday to $108.8/dmt CFR Qingdao. Futures prices of major steelmaking raw materials on