According to the price monitoring of foreign sources, the transaction prices of locally produced iron ore concentrates in China's major mining regions fell on August 2-6. Survey respondents said that prices have been pulled down mainly due to the decline in imported iron ore prices and lower offer prices from domestic steelmakers due to weak demand.
For example, as of August 6, 66% Fe grade domestic iron ore concentrates were selling at Yuan 1,510/dmt ($232.9/dmt) EXW and 13% VAT included in Tangshan, North China, down 90 Yuan/dmt week on week.
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