WEEKLY: China's domestic iron ore concs prices lose ground

Chinese prices for domestically-produced iron ore concentrates generally trended lower across major production areas during October 14-18, pressured by falling prices of iron ore derivatives and steel products, Mysteel's latest survey showed.

"Some concs suppliers attempted to lift their quotations at the beginning of last week, but the decline in iron ore futures prices later undermined their confidence," a market watcher based in Shanghai said. On October 18, the most-traded iron ore contract for January delivery on the Dalian Commodity Exchange closed