DAILY: Chinese import iron ore prices drop further

Chinese prices of imported iron ore continued weakening for both portside stocks and seaborne cargoes on December 6, while trading activity also declined.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao dropped for the third straight day, albeit by a small Yuan 1/wmt ($0.14/wmt) from Thursday, to reach Yuan 787/wmt FOT and including the 13% VAT. The same day, Mysteel SEADEX 62% Australian Fines also decreased by $1.15/dmt on day to