WEEKLY: China's domestic iron ore concs prices soften

After the previous week's firm rises, Chinese prices for domestically-produced iron ore concentrates generally stabilized during the week of January 12-16, as market sentiment calmed, according to Mysteel's latest survey. Prices in some regions even retreated due to waning demand, the survey results showed.

The performance of iron ore derivatives weakened overall during the week in the absence of positive news emerging to support the market, a factor which also weighed on iron ore spot prices across the country, Mysteel Global noted. As of January 16, the most-traded iron ore contract for May delivery