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May 27, 2021

China’s Imported Iron Ore Prices Dip, Sales Cool

On Wednesday, PORTDEX 62% Australian Fines in Qingdao decreased by Yuan 64/wmt ($10/wmt) on day to Yuan 1,293/wmt FOT and including the 13% VAT. On the same day, Mysteel SEADEX 62% Australian Fines also edged down by $10.5/dmt on day to $178.15/dmt CFR Qingdao. Throughout today, market sentiment turned bearish due to the plunge in china

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