WEEKLY: China's domestic iron ore concs prices head south

Chinese prices for domestically-produced iron ore concentrates generally lost ground across major producing areas last week as a bearish mood took hold in the market again, Mysteel's latest survey showed.

Iron ore futures prices experienced a sharp decline late last week, causing the spot suppliers to become more pessimistic about the market outlook and making it challenging for them to sustain prices, market sources observed. The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed at