WEEKLY: China's domestic iron ore concs prices continue falling

Chinese prices for domestically-produced iron ore concentrates continued heading south in major producing areas during the past week, dragged lower by waning demand for iron ore among domestic steelmakers, the findings of Mysteel's latest survey showed.

With the Chinese New Year holiday just one week away, steel producers have gradually completed their pre-holiday feed replenishment, so their buying interest in iron ore weakened, Mysteel Global noted. The poor performance of iron ore derivatives also reflected the cooled market sentiment last week, with the most-traded iron ore