WEEKLY SUMMARY: China's iron ore prices fluctuate, coke rises

China's iron ore prices in spot and futures markets both fluctuated during November 13-17, as the previous uptrend discontinued late last week after the country's top state planner responded to the price surge by announcing to strengthen supervision on the iron ore market. Meanwhile, the domestic coke prices increased with more coke firms raising their selling prices which were finally accepted by steelmakers.

Iron ore: As of November 17, Mysteel SEADEX 62% Australian Fines settled at $130.25/dmt CFR Qingdao, up by $0.9/dmt on week, while Mysteel PORTDEX 62% Australian Fines in Qingdao lost Yuan 4/wmt ($0.6/wmt) on week to reach Yuan 985/wmt FOT and including the 13% VAT on the same day. The most-traded iron ore