WEEKLY: China's domestic iron ore concs prices strengthen

Chinese prices for domestically-produced iron ore concentrates strengthened across main production areas last week, driven by better market sentiment as well as firm demand from steelmakers, the results of Mysteel's latest survey showed.

China's iron ore futures performed strongly last week, reflecting the brighter outlook for the commodity held by market players, Mysteel Global noted. On October 31, the most-traded iron ore contract for January delivery on the Dalian Commodity Exchange closed at Yuan 800/tonne ($112.4/t), higher by 3.7% from the settlement price