WEEKLY SUMMARY: China's iron ore prices firm, spot coke stable

Chinese prices for imported iron ore stayed largely firm in both spot and futures markets during May 6-9, following the upward momentum of steel prices. In the meantime, domestic metallurgical coke prices held steady in the spot market, while prices of coke futures lost some ground.

During May 1-7, the average capacity utilization rate among the 247 blast-furnace steel producers under Mysteel's tracking was unchanged from the previous week at 89.6%, reflecting stable operations the domestic steelmakers maintained during the five-day May Day holiday. Iron ore: By May 9, a makeup working day for China's May