【Domestic Iron Ore Brief Review】Iron Ore Concentrates Prices in West Liaoning May Continue to Fluctuate Rangebound

The transaction volume in the domestic ore market in western Liaoning has improved, but the current prices have not shown significant improvement. The ex-factory price for 66-grade wet basis ore without tax is 700-710 yuan/mt. Some steel mills are about to set new round prices, and traders believe that the local prices have strong downward resistance. In the past two days, inquiries and restocking have increased, driving better transactions. However, some traders are not in a hurry to purchase due to certain inventory levels they still hold, maintaining low offers. Considering the recent fluctuating trend in the iron ore futures market, it is expected that the local iron ore concentrate prices may fluctuate rangebound next week. 【SMM Steel】