[SMM survey] Mines and beneficiation plants are producing as planned, with relatively stable production of iron ore concentrates

According to the latest data from SMM, the capacity utilization rate of domestic mines reached 59.3% last week, up 0.3 percentage points from the previous week. Production of iron ore concentrates rose to 792,000 mt, increasing by 5,000 mt WoW. Sales volume was 777,000 mt, decreasing by 40,000 mt WoW. Meanwhile, the inventory of iron ore concentrates at mines increased by 15,000 mt, with the total inventory reaching 260,000 mt. Currently, mines are operating normally as planned, with the production of iron ore concentrates remaining relatively stable. According to SMM's market tracking, feedback indicates that the cost-effectiveness of domestically produced iron ore concentrates has declined, and the overall willingness to sell is weak. The overall inventory of mines in the Hebei and Shandong regions has slightly increased, with some mines formulating sales promotion plans. Looking ahead to this week, the intensity of land and safety inspections in the Liaoning region has once again increased, which may have a certain impact on local production. Overall, the production of iron ore concentrates may decline further.