DAILY: China's imported iron ore prices mixed, trading gains momentum

Trends in China's imported iron ore prices were mixed on March 18, with port stocks weakening while seaborne cargo prices edged higher. Meanwhile, trading activity remained brisk in both markets.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao dipped by Yuan 2/wmt ($0.3/wmt) from the previous day to Yuan 780/wmt FOT, including 13% VAT. In contrast, Mysteel SEADEX 62% Australian Fines rose by $0.35/dmt to $103/dmt CFR Qingdao. In the derivatives market, China's ferrous commodities mostly softened, with the