WEEKLY: China's domestic iron ore concs prices weaken

Prices for domestically produced iron ore concentrates generally moved downward throughout China's major production bases over the past week, as buying interest remained subdued from steelmakers struggling with negative margins, Mysteel's latest survey showed.

For example, as of October 30, the offering price for 65% Fe grade iron ore concentrates in Daixian in North China's Shanxi province declined by a significant 6.4% on week to Yuan 710/wmt, while that for 66% Fe grade of concentrates in Chaoyang in Northeast China's Liaoning province also