[Domestic iron ore brief comment: the price of iron powder in the west

Published: Jun 12, 2024 16:16

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[Domestic iron ore brief comment: the price of iron powder in the western Liaoning region may be on the way down] The transaction volume in the domestic iron ore market of western Liaoning is relatively weak, and some transaction prices have fallen. Yesterday, the ore futures market fell, and traders, considering the pricing of steel companies and their own profit margins, were obviously pressing for lower prices. The local 66% grade wet basis ex-factory price excluding tax is 790-800 yuan/ton. As for the mining and beneficiation side, some large mines are considering shipment and the prices have been adjusted downward, but some low prices are not recognized, choosing to wait and see for the time being. Independent beneficiation plants without financial pressure...

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