WEEKLY: China's domestic iron ore concs prices weaken further

Chinese prices for domestically-produced iron ore concentrates continued to track lower overall across major production regions during the past week as market sentiment cooled and steelmakers' iron ore demand retreated, Mysteel's latest survey showed.

Market confidence for iron ore declined last week, reflected in the weak performance of iron ore derivatives, market sources observed, which prompted concs suppliers to reduce their selling prices. On April 10, the most-traded iron ore contract for September delivery on the Dalian Commodity Exchange closed at Yuan 753.5/tonne