[China Iron Ore Brief[China Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning Slightly Increased

[SMM Domestic Iron Ore Daily Brief]

The domestic ore market in western Liaoning recently saw slight increases driven by the continued strength of external markets. Currently, the ex-factory price (wet basis, tax-exclusive) of 66-grade iron ore concentrates rose by 5 yuan to 740-745 yuan/mt. Mines and beneficiation plants were affected by environmental protection and safety inspections, and overall iron ore concentrates resources remained tight, with asking prices relatively firm. Steel mills and traders restocked on dips, and inventory was moderate. Most were reluctant to purchase at high prices, and the overall wait-and-see sentiment in the market was relatively strong. Local iron ore concentrates prices are expected to remain range-bound in the short term. [SMM Steel]