WEEKLY: China's domestic iron ore concs prices stay firm

Chinese prices for domestically-produced iron ore concentrates remained stable across most production regions last week, with a few areas witnessing firm price gains, even though demand for the concs among domestic steelmakers weakened, Mysteel's latest survey results showed.

Prices for domestic concs secured some support from the strong performance of iron ore derivatives, plus the resilience of imported ore prices, Mysteel Global noted. On November 21, the most-traded iron ore contract for January delivery on the Dalian Commodity Exchange closed at Yuan 785.5/tonne ($110.6/t), higher by 1.4% from