DAILY: China's imported iron ore prices rise for 5th day

China's imported iron ore prices for both port inventories and seaborne cargoes made further gains on June 6, rising for a fifth consecutive working day, and trading activity in both markets picked up.

On Tuesday, Mysteel PORTDEX 62% Australian Fines in Qingdao rose by another Yuan 6/wmt ($0.8/wmt) on day to reach Yuan 832/wmt FOT and including the 13% VAT. On the same day, Mysteel SEADEX 62% Australian Fines also edged higher to reach to $108.7/dmt CFR Qingdao, though the increase was