SHANGHAI, Sep 14(SMM) – The price of 66%-grade concentrates was 800-810 yuan/mt (tax-excluded, on a wet basis, ex-factory) in West Liaoning and iron ore concentrate increased slightly by 5-10 yuan/mt WoW. The shipment of beneficiation plants was acceptable. Requirements of Green Mines Construction increased investment costs and made the acceptance more stringent, which may cause delays in mining permit processing. However, in the short term, the impact on output is not obvious. In terms of demand markets, local steel mills didn’t have a significant production reduction, and the demand for concentrate was acceptable, supporting the price of iron ore. Overall, local ore prices are expected to remain steady.
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