China’s domestic iron ore concs prices grow post CNY
Feb 22, 2021 14:30
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China’s domestically-produced iron ore concentrates transaction prices showed signs of firmness by February 20, up by as much as Yuan 150/dmt ($23.2/dmt) from February 10, mainly due to the growing demand from the Chinese steel mills and the strengthening in the imported iron ore prices last week, while less supply from Shandong in East China with the ongoing mining operations’ safety checks lent support too, Mysteel’s latest market survey showed.
As of February 20, a make-up working day in China after the Chinese New Year (CNY) holiday over February 11-17, the price of the 65% Fe domestically-produced iron ore concentrates in Fushun, Northeast China’s Liaoning, for example, shot up to Yuan 1,200/dmt including the delivery and the 13% VAT, or