[Brief Review of Domestic Iron Ore] Prices in Western Liaoning Region Remain High and May Fluctuate Downward

In the Liaoxi region, iron ore concentrate prices have recently shown a slight upward trend; the ex-factory price for 66-grade wet basis, excluding tax, is 740-750 yuan/mt. An important meeting is being held, but the local supply of explosives remains normal, and beneficiation plants are operating as planned. Demand side, the recent increase in the flow of local iron ore concentrates to the Tangshan and Chengde regions has boosted local market activity, providing some support to local iron ore concentrate prices. Most local steel mills are purchasing as needed, and the market overall is experiencing undersupply. Considering the recent weak trend in iron ore futures, local iron ore concentrate prices are expected to face significant resistance to upward breakthroughs, and in the short term, local iron ore concentrate prices are likely to fluctuate with a stable and weak trend.
【SMM Steel】