[Brief Review of Domestic Iron Ore] There May Be Some Room for Upward Adjustment in Iron Ore Concentrate Prices in the Liaodong Region

The domestic ore market in Liaodong remains stagnant, with mine operators holding out for higher prices. Steel mills and traders are not in a hurry to purchase and are mostly in a wait-and-see mode. Affected by the Spring Festival holiday, some local mines have not yet resumed normal production, which is expected to gradually return to normal after the Lantern Festival. In the short term, local iron ore concentrate resources remain relatively tight. On the demand side, most steel mills are operating as planned, providing some short-term support for local iron ore concentrate demand. Considering the strong performance of iron ore futures today, local iron ore concentrate prices are expected to have some upward potential in the short term. 【SMM Steel】