WEEKLY: China's domestic iron ore concs prices strengthen

Chinese prices for domestically-produced iron ore concentrates rose in the country's major production regions last week, buoyed by the bullish market sentiment plus the resilient iron ore demand among steelmakers, Mysteel's latest survey showed.

Last week, market expectations for a further increase in financial liquidity provided strong upward momentum for domestic prices of ferrous products including iron ore and finished steel, as reported. On January 9, the most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed at Yuan 814.5/tonne ($116.8/t),