[Brief Comment on Domestic Iron Ore Market: There may be Room for Rebo

Published: Jun 20, 2024 16:31

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[Brief Comment on Domestic Iron Ore Market: There may be Room for Rebound in the Price of Iron Powder in Western Liaoning Region] The inquiry in the western Liaoning market has become increasingly active. Local traders and steel mills have some expectations for replenishing stocks, but the willingness to suppress prices remains strong. The factory price of 66% grade wet basis iron powder, including tax, is 770-780 yuan/ton. Some transactions have been made for large mine resources at market prices, while some are not eager to ship at present due to the execution of early orders, waiting for the contracts to be completed before pricing according to market conditions; As for the demand from steel mills...

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