WEEKLY SUMMARY: China's iron ore prices slip, spot coke flat

Chinese prices for imported iron ore failed to extend the prior weeks' gains and headed south during July 8-12, mainly due to its weakening market fundamentals, while spot prices of metallurgical coke were flat last week amid tightly balanced supply and demand, Mysteel's latest survey showed.

Iron ore: On July 12, Mysteel SEADEX 62% Australian Fines finished at $107.9/dmt CFR Qingdao, down by $2.45/dmt on week. The same day, Mysteel PORTDEX 62% Australian Fines in Qingdao also fell by Yuan 16/wmt ($2.2/wmt) on week to reach Yuan 830/wmt FOT and including the 13% VAT. In the derivatives market, the most-traded iron ore