[Domestic Iron Ore Brief Review] Supply Tightens, Local Iron Concentrate Prices May Fluctuate with a Stable and Weak Trend

The prices of iron ore concentrates in west Liaoning have been relatively stable recently, with the ex-factory price for 66-grade wet basis excluding tax at 710-720 yuan/mt. It is understood that local mines and beneficiation plants have once again undergone related safety inspections, which may have a certain impact on some beneficiation plants, while local iron ore concentrate resources remain tight. Local steel mills stated that the heating season is expected to end soon, but considering the current moderate overall profits of steel mills, some mills have postponed maintenance schedules, providing some support for the demand for iron ore concentrates. However, given the recent weak trend in the iron ore futures market, it is expected that local iron ore concentrate prices may fluctuate with a stable and weak trend in the short term. [SMM Steel]