[China Iron Ore Brief] Next week, domestically produced iron ore concentrate prices may have some room to rise.

This week, China's iron ore concentrates prices edged up slightly. In terms of regional performance, prices in Tangshan, Qian'an, Qianxi and other areas in Hebei were basically flat; prices in Chaoyang, Beipiao, Jianping and other areas in western Liaoning edged down 1-5 yuan/mt; East China prices dropped 15-20 yuan/mt. Looking ahead to next week, domestic iron ore concentrate resources remain tight, providing some support to domestic prices. Meanwhile, hot metal production of steel mill blast furnaces is expected to rebound further, boosting demand for iron ore concentrates. Prices are expected to see slight upside next week. [SMM Steel]