[China Iron Ore Brief] West Liaoning Iron Ore Concentrates Prices May Dip

The tight supply in the western Liaoning domestic ore market persists. On the one hand, some beneficiation plants are still far from resuming production due to a lack of raw ore; on the other hand, with market conditions remaining sluggish, some producers have no intention of resuming production in the short term, while a few mine enterprises remain suspended due to procedural issues. In the eastern Liaoning region, ore beneficiation operations are relatively stable, with local plants mostly producing as planned. Demand side, local steel mills are successively formulating maintenance plans, weakening demand support for iron ore concentrates. Compounded by the recent weak performance of iron ore futures, local iron ore concentrate prices are expected to consolidate on a subdued note in the short term. [SMM Iron Ore]