[Brief Review of Domestic Iron Ore] The Price of Iron Ore Concentrates in the Western Liaoning Region May Remain Stable

Published: Jan 22, 2025 18:09

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Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Western Liaoning Likely to Remain Stable The domestic ore market in Western Liaoning continues to show a relatively stable trend, with the ex-factory price of 66-grade wet basis iron ore concentrates excluding tax at 690-700 yuan/mt. As the holiday approaches, beneficiation plants in various regions are gradually halting production and taking breaks. While many operating beneficiation plants maintain firm asking prices, a few traders, despite having stockpiling needs, are mostly cautious in inquiries, with lower price levels. The tight supply situation provides some support for local iron ore concentrate prices.

The Liaoxi domestic ore market continued a relatively stable trend, with ex-factory prices for 66-grade wet basis excluding tax at 690-700 yuan/mt. As the holiday approaches, beneficiation plants in various regions are gradually shutting down for the holiday. While most operating beneficiation plants are holding firm on their asking prices, a few traders, despite having restocking needs, are mostly cautious in inquiries, with lower prices prevailing. The tight supply situation provides some support for local iron ore concentrate prices. On the steel mill side, pre-holiday restocking has largely concluded, and considering the impact of current steel mill profits, the overall desire to bargain down prices remains strong. In the short term, the market is in a weak supply and demand situation. Given the recent high-level fluctuations in iron ore futures, local iron ore concentrate prices are expected to remain stable in the short term. 【SMM Steel】

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