UTC+8 ( BJT)

WEEKLY: China domestic iron ore prices dip on demand

ABSTRACT

Over November 8-12, prices of domestically-mined iron ore concentrates across China continued to trend south, mainly due to weakening demand among Chinese steel mills on shrinking margins and falling prices of imported iron ore, market sources observed.
As of November 12, the offering price of 66% Fe grade domestic iron ore concentrates in Tangshan, in North China's Hebei declined for the fifth week by another Yuan 35/dmt ($5.5/dmt) on week to reach Yuan 965/dmt EXW and including the 13% VAT - a new low since November 12

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