WEEKLY: China’s domestic iron ore concs prices firm
Nov 23, 2020 17:30
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Miners and processors in major domestic iron ore mining regions in China raised offer prices for concentrates by as much as Yuan 40/wmt ($6.1/wmt) over November 16-20, prompted by the firm demand of steelmakers and the spike in imported iron ore prices, according to Mysteel’s price tracking.
During the week to November 20, Mysteel’s price assessment for the 65% Fe grade iron ore concentrates increased by a notable Yuan 40/wmt on week to Yuan 790/wmt including the 13% VAT in Liaoyang, Northeast China’s Liaoning province. Elsewhere, prices of domestic iron ore concentrates in North China’s Hebei and