DAILY: Chinese imported iron ore prices continue rising

Chinese prices for imported iron ore increased for the second straight day for both port stocks and seaborne cargoes on December 10, buoyed by bullish sentiment in the market, while trading activity cooled in the portside market.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao gained Yuan 2/wmt ($0.3/wmt) from the previous day to reach Yuan 801/wmt FOT and including the 13%. The same day, Mysteel SEADEX 62% Australian Fines at $106.2/dmt CFR Qingdao, higher by $0.15/dmt on day. The optimism triggered by the political bureau's