DAILY: China's imported iron ore sales plunge

Chinese prices of imported iron ore for port inventories remained stable on September 30 while those for seaborne cargoes lost a little ground, with trading activity in both markets falling sharply due to the approaching week-long public holiday break.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao remained unchanged at Yuan 763/wmt ($107.6/wmt) FOT and including the 13% VAT. On the same day, the Mysteel SEADEX 62% Australian Fines index slipped by a tiny $0.4/dmt on day to settle at $95.4/dmt CFR Qingdao. Throughout today, most iron ore