WEEKLY: China's domestic iron ore concs prices strengthen

Chinese prices for domestically-produced iron ore concentrates generally moved upward across the country's major production regions during the past week, driven higher by a further improvement in market sentiment, the findings of Mysteel's latest survey showed.

Iron ore derivatives continued to post gains last week, which provided upward momentum for the spot prices of domestic iron ore concs, Mysteel Global noted. As of April 24, for example, the most-traded iron ore contract for September delivery on the Dalian Commodity Exchange closed at Yuan 786.5/tonne ($115.3/t), higher