DAILY: China's imported iron ore prices, sales both rebound

ABSTRACT
Chinese prices of imported iron ore for portside stocks and seaborne material reversed up from the previous day's fall on December 8, and trading activities in both markets also picked up.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao nudged higher by Yuan 16/wmt ($2.3/wmt) on day to reach Yuan 807/wmt FOT and including the 13% VAT. On the same day, Mysteel SEADEX 62% Australian Fines also rose to $109.7/dmt CFR Qingdao, $2.85/dmt higher from yesterday. Market sentiment remained flat