Iron Ore Concentrate Prices in Western Liaoning May Fluctuate Amid Market Quietness and Increased Safety Inspections

Domestic Iron Ore Brief: Prices of Iron Ore Concentrates in Western Liaoning May Oscillate with a Weak Trend

Prices of domestic iron ore concentrates in Western Liaoning slightly declined by 5-10 yuan, with the ex-factory price for 66 grade wet basis without tax at 730-735 yuan/mt. Affected by the price reduction from the leading local steel mill, the overall market transactions were relatively quiet; as the Two Sessions are being held, although explosives supply remains normal, the mines and beneficiation plants noted that safety inspection intensity has significantly increased in recent days. Some mines have suspended operations for maintenance, putting the local iron ore concentrate resources in a tight state.