WEEKLY: China domestic iron ore concs prices regain momentum

Most Chinese prices for domestically-produced iron ore concentrates across major production areas stopped falling during November 4-8 and rebounded as concs suppliers were forcefully defending their selling prices, Mysteel's latest survey showed.

The prices of iron ore derivatives performed strongly early last week, reflecting the bullish sentiment in the market, industry sources noted, which made iron ore suppliers more confident about raising their quotations. For example, the most-traded iron ore contract for January delivery on the Dalian Commodity Exchanged closed at Yuan