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

Local transaction prices in the Liaoxi domestic ore market edged slightly higher, with 66% grade wet basis tax-excluded ex-factory prices ranging between 670-680 yuan/mt. Driven by positive external market conditions, mining companies have displayed heightened pricing sentiment and reluctance to accept lower offers. Traders remain cautious, lacking confidence in the market outlook and struggling to accept higher prices. However, some traders, considering their own needs, have made limited purchases at these prices, leading to marginal improvement in market transactions, though overall market activity remains sluggish. Recently, the iron ore futures market has fluctuated upward, and coupled with steel mills' pig iron production remaining high, this may drive local iron ore concentrate prices to continue rising. [SMM SteelZ2/>