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WEEKLY: China's domestic iron ore concs prices decline

ABSTRACT

Offering prices of domestically produced iron ore concentrates in China's major mining regions generally trended down during the week of July 11-15, according to Mysteel's survey. Market sources said steelmakers' dull demand for ore was still the reason for the ongoing weakness of prices.
As of July 15, the offering price of 66% Fe grade domestic iron ore concentrates in Tangshan, in North China's Hebei, had decreased to Yuan 900/dmt ($133.2/dmt) EXW and including the 13% VAT, down by Yuan 57/dmt on week and hitting a new low since last December 10, Mysteel's survey

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