China iron ore miners cut prices on high stocks

摘要

China’s domestic iron oreconcentrates suppliers cut prices by Yuan45/dry metric ton ($7/dmt), or 9% on week,on swelling stocks and the bleak outlook forDecember and January, sources said Friday.Platts assessed China's domestic 66% Feore concentrate delivered to mills in Tangshancity, in Hebei province, at Yuan 450-470/dmtFriday, from Yuan 500-510/dmt November 20,both on cash terms and including 17% valueaddedtax.