DAILY: China's imported iron ore prices inch up for 3rd day

By June 2, China's imported iron ore prices for both port inventories and seaborne cargoes had firmed for three consecutive working days, and trading in the portside market had picked up too.

On Friday, Mysteel PORTDEX 62% Australian Fines in Qingdao increased to Yuan 815/wmt ($115.5/wmt) FOT and including the 13% VAT, up by another Yuan 2/wmt on day, while Mysteel SEADEX 62% Australian Fines also inched up by $1.4/dmt on day to settle at $106.55/dmt CFR Qingdao. In morning trading on