[Brief Review of Domestic Iron Ore] Short-Term Iron Ore Concentrate Prices in the Western Liaoning Region May Have Room for an Upward Trend

Recently, iron ore concentrates in the Liaoxi region have shown a slight upward trend, with ex-factory prices for 66-grade wet basis excluding tax at 710-715 yuan/mt. Recently, local mines and beneficiation plants have suspended production due to low temperatures, but production is gradually resuming. The local supply from mines and beneficiation plants may ease somewhat in the near term. On the demand side, steel mills have shown a strong desire to bargain down prices, with iron ore concentrate purchases mainly conducted as needed. Steel mills continue to focus on normal production, and recent finished steel transactions have slightly improved compared to earlier periods, with steel production largely maintaining normal levels. Considering the recent strong performance of iron ore futures, local iron ore concentrate prices are expected to have some room for further upward movement in the short term. 【SMM Steel】