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WEEKLY: China’s iron ore concentrate prices diverge

Offer prices of domestic iron ore concentrates across China tabled by miners in most regions dipped over October 28-November 1, easing by Yuan 10-30/tonne ($1.4-4.3/t) on week, while those in South China rose by Yuan 12/t on week, Mysteel’s latest weekly survey published last Friday showed.
The willingness of steelmakers to procure any iron ore last week – be it domestic concentrates and imported ores – cooled markedly because of the new round of emergency production curbs imposed on mills in North and East China for five days commencing October 31. The sudden decline of mill appetite

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