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INFOGRAPH: Domestic iron ore prices more resilient

ABSTRACT

China’s prices of domestically-mined iron ore have proven more resilient to market bearishness compared with those for imported iron ore whose decline since August has been both steady and rapid. Domestic ore prices have been supported by tighter supply from some major mining areas, even though demand from domestic steel mills is shrinking, according to market sources.
As of September 15, the offering price of 66% Fe grade domestic iron ore concentrates in Tangshan, in North China’s Hebei, had decreased to Yuan 1,310/dmt ($203.6/dmt) EXW and including the 13% VAT. Though the price was lower by Yuan 30/dmt on week after two weeks of gains, it was

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Prices Summarization