WEEKLY: China's domestic iron ore concs prices soften again

Chinese prices for domestically-produced iron ore concentrates headed south across the major producing regions during the past week, in parallel with the weakening of prices for finished steel products and steelmaking raw materials, Mysteel's survey findings showed.

For example, on June 18, the last working day before China's three-day Dragon Boat Festival holiday, the offering price for 65% Fe grade iron ore concentrates in Fanchang city in East China's Anhui province was assessed by Mysteel at Yuan 928/dmt ($137.1/dmt) including the 13% VAT, lower by 1.2%