Prices for imported iron ore in China’s portside and seaborne cargo markets surged on August 4, with both refreshing one-year highs. Mysteel’s PORTDEX 62% Fe Australian Fines index rose by another Yuan 14/wmt ($2/wmt) on day to reach Yuan 905/wmt FOT Qingdao and including the 13% VAT, while also on Tuesday, the SEADEX 62% Fe Australian Fines price rallied by a further $1.3/dmt on day to reach $117.65/dmt CFR Qingdao.
Source : https://www.mysteel.net/article