WEEKLY: China’s domestic iron ore concs prices mixed
Sep 21, 2020 18:00
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Prices for domestically produced iron ore concentrates at major markets in China were mixed over the week of September 14-18. Last week, falling imported ore prices prompted some domestic miners in East China to shave their prices too. On the other hand, tight supply in North and Northeast China led prices here to firm, according to sources.
As of September 18, Mysteel’s PORTDEX 62% Fe Australian Iron Ore index had shrunk by Yuan 18/wmt ($2.7/wmt) on week to Yuan 932/wmt FOT Qingdao and including the 13% VAT. Last week, a sudden on-day drop of Yuan 21/wmt was observed on Wednesday which saw the PORTDEX number tumble to