DAILY: China's imported iron ore prices decline further

China's imported iron ore market saw prices for port inventories and seaborne cargoes decline on May 5, while trading activity in the portside market picked up substantially.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao dropped to Yuan 793/wmt ($114.7/wmt) FOT and including the 13% VAT, down by Yuan 13/wmt on day. On the same day, Mysteel SEADEX 62% Australian Fines also decreased by $0.15/dmt on day to $102.7/dmt CFR Qingdao. Sentiment in China's iron ore