[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in west Liaoning may rise slightly

Iron ore concentrate prices in the Liaoxi region remained relatively stable, with 66% grade wet-basis ex-factory prices (tax excluded) at 670-680 yuan/mt. Frequent local inspections have kept overall iron ore concentrate supply relatively tight, providing some support to local ore prices. On the demand side, steel mills are primarily purchasing as needed, with persistent strong desire to bargain down prices. In the short term, the market's tug-of-war between supply and demand remains pronounced. However, considering the overall strength in today's iron ore futures market trends, it may drive a slight upward movement in domestic iron ore concentrate prices. [SMM Steel]