[Brief Review of Domestic Iron Ore] The Price of Iron Ore Concentrates in the Western Liaoning Region May Fluctuate Stably with a Weak Trend

Low-priced resources in the Liaoxi domestic ore market are hard to find, and overall market transactions remain sluggish. The ex-factory price for local 66-grade wet basis, tax excluded, is 700-710 yuan/mt, with occasional high-priced transactions observed, though such occurrences are rare. While large mines hold small inventories, most are not releasing them for now, showing a clear wait-and-see attitude. Steel mills are currently primarily purchasing as needed, with a strong desire to bargain down prices. The market is in a short-term state of weak supply and demand. Considering the recent fluctuating trend in iron ore futures, local iron ore concentrate prices are expected to operate in a weak and fluctuating manner in the short term. 【SMM Steel】