[Domestic Iron Ore Brief] Iron ore concentrates prices in west Liaoning may have some upward potential

The market in west Liaoning was relatively stable, with ex-factory prices for 66% grade iron ore concentrates (wet basis, tax excluded) at 720-730 yuan/mt. Currently, most mines and beneficiation plants are operating normally, but overall resources remain relatively tight. According to feedback from mines and beneficiation plants, the supply of explosives in the local area may be restricted next week, which could affect production at some beneficiation plants due to a shortage of ROM supply, potentially leading to a decline in concentrate output. Steel mills are currently operating relatively stably, with no maintenance plans in the short term, providing some support for iron ore demand. The market is in a state of undersupply, and it is expected that there may be some room for an increase in local iron ore concentrate prices in the short term. [SMM Steel]