DAILY: China's imported iron ore prices decline

Chinese prices of imported iron ore for both port inventories and seaborne cargoes retreated on September 21 after the previous day's short-lived gain, while trading trends in both markets were mixed.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao lost Yuan 9/wmt ($1.2/wmt) on day to reach Yuan 950/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines decreased by $4.65/dmt on day to sit at $119.9/dmt CFR Qingdao. Although iron ore futures prices in Dalian weakened