DAILY: China's imported iron ore prices strengthen further

China's imported iron ore market saw prices for portside and seaborne material both rise for the sixth straight working day on June 7, but trading in the two markets ebbed on day.

On Wednesday, Mysteel PORTDEX 62% Australian Fines in Qingdao firmed slightly to Yuan 833/wmt ($117/wmt) FOT and including the 13% VAT, higher by a miniscule Yuan 1/wmt on day, while Mysteel SEADEX 62% Australian Fines increased too by $1.4/dmt from Tuesday to $110.1/dmt CFR Qingdao. After noting that iron ore