Domestic Iron Ore Market in Western Liaoning: Tight Supply Leads to Price Fluctuations

Domestic Iron Ore Brief: Tight Supply in Western Liaoning, Prices May Fluctuate with a Stable Weak Trend

The domestic ore market in western Liaoning is generally showing a fluctuating trend. The ex-factory price for 66-grade wet basis, excluding tax, is 710-720 yuan/mt. Local iron ore concentrate resources remain tight, and the shortage of raw ore is a common phenomenon among mines and beneficiation plants. The volume of spot cargo in the market continues to decrease, and sentiment among mines and beneficiation plants is cautious, with overall market transactions remaining sluggish.