【Domestic Iron Ore Brief Review】Iron Ore Concentrates Prices in West Liaoning Showed Weak Stability with Fluctuations

The market price of domestic ore in western Liaoning remained stable. Recently, the futures market for iron ore has been quite volatile, with mines and beneficiation plants showing a strong wait-and-see sentiment. Some producers, considering cash flow, have been following the market trends. However, the restocking demand from steel mills has been weak recently, and some traders are concerned about downside risks, leading to a strong overall desire to bargain down prices. The overall market transaction atmosphere has weakened. Steel mills are currently mainly purchasing as needed, with overall purchase willingness being weak. The game mentality between sellers and buyers is quite evident. It is expected that the price of iron ore concentrates in the local market may remain stable with a weak trend in the short term. 【SMM Steel】