[Brief Review of Domestic Iron Ore] Prices in the Western Liaoning Region May Continue to Fluctuate

Currently, the market in multiple areas of west Liaoning is operating in a stable with a weak trend. The ex-factory price of 66-grade wet basis iron ore concentrates excluding tax is 720-730 yuan/mt, mainly influenced by price reductions from key steel enterprises in Chaoyang. Traders show a willingness to restock, and beneficiation plants still maintain a firm stance on quotes. Supply and demand remain slightly stalemated, with only a few large mines selling based on market conditions. Local iron ore concentrate resources continue to be tight. On the steel mills' side, recent purchasing is mostly on an as-needed basis, with a strong desire to bargain down prices overall. Considering the stabilization and strengthening of iron ore futures in the past two days, it is expected to boost domestic iron ore concentrate market activity. Local iron ore concentrate prices are anticipated to remain in a fluctuating trend. 【SMM Steel】