WEEKLY SUMMARY: China's iron ore, coke prices strengthen

Chinese prices of iron ore trended up in both spot and futures markets during December 4-8 on positive sentiment, as market insiders expected the unveiling of strong economic stimulus during the upcoming Central Economic Work Conference to be held in Beijing. Also, the upbeat sentiment pushed up domestic coke futures, which offered some upward momentum to spot coke prices in turn.

Iron ore: Mysteel SEADEX 62% Australian Fines increased to $137.3/dmt CFR Qingdao on December 8, after an on-week rise of Yuan 3.95/dmt, while Mysteel PORTDEX 62% Australian Fines in Qingdao was Yuan 20/wmt ($2.8/wmt) higher on week at Yuan 1,018/wmt FOT and including the 13% VAT on the same day. Meanwhile, the most-traded iron