Chinese prices for port stocks of imported iron ore and seaborne cargoes dropped for a second day on September 26, though by a smaller margin. Trading activities in both markets firmed moderately from Monday, however.
On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao softened by a tiny Yuan 2/wmt ($0.3/wmt) on day to Yuan 944/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines slipped to $117/dmt CFR Qingdao, also by a small on-day dip of $1.05/dmt.
Offering prices for iron
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