Western Liaoning Iron Ore Concentrate Prices Expected to Stay Stable Amid Holiday Shutdowns

Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Western Liaoning Likely to Remain Stable

The domestic ore market in Western Liaoning continues to show a relatively stable trend, with the ex-factory price of 66-grade wet basis iron ore concentrates excluding tax at 690-700 yuan/mt. As the holiday approaches, beneficiation plants in various regions are gradually halting production and taking breaks. While many operating beneficiation plants maintain firm asking prices, a few traders, despite having stockpiling needs, are mostly cautious in inquiries, with lower price levels. The tight supply situation provides some support for local iron ore concentrate prices.