WEEKLY: Cautious sentiment keeps China's iron ore prices wavering

Chinese prices for imported iron ore remained rangebound over November 4-8, mainly as the high-profile NPC Standing Committee meeting held in Beijing during the same period left market players cautious, sources said.

Although the meeting concluded late last week with an announcement of an assistance package totaling a massive Yuan 10 trillion ($1.4 trillion) to address local governments' debt problems, expectations among firms in the steel and raw materials markets prior to the announcement had been modest. Consequently, imported iron ore prices