[Domestic Iron Ore Brief: Iron Ore Concentrates Prices in East Liaoning May Rebound Slightly] Today, the domestic ore market in East Liaoning operated steadily, with a strong wait-and-see sentiment prevailing among mines and beneficiation plants. However, traders were cautious about future market trends and relatively prudent in purchasing, leading to overall weak market transactions. In some local areas, the operating rate of mines and beneficiation plants declined due to the impact of a new round of safety inspections.

Dalian iron ore futures continued to fluctuate with a firm tone today. The main contract, I2605, ultimately closed at 780, up 0.52% from the previous working day. Traders sold cargoes at prevailing market rates,

As of December 16, the operating rate of 50 electric furnace steel mills producing building materials nationwide stood at 39.82%, flat WoW; the capacity utilization rate was 41.83%, down 0.23% WoW; the daily average production of building materials was 93.2 kt, down 500 mt WoW.