[Domestic Iron Ore Brief: Iron ore concentrates prices in west Liaoning may continue to fluctuate] The domestic ore market in west Liaoning is relatively sluggish. Currently, the ex-factory price of 66-grade iron ore concentrates on a wet basis without tax is 720-730 yuan/mt. Traders are cautious, and mines and beneficiation plants as a whole are holding firm on their asking prices, unwilling to sell at lower prices, leading to a slight standoff between buyers and sellers. On the demand side, steel mills are mostly operating according to plan with no maintenance plans.

[Domestic Iron Ore Brief: There May Be Some Room for Price Increase for Iron Ore Concentrates in Tangshan Area] The recent market for domestic ore in Tangshan has been relatively stable, with 66 grade dry basis tax-inclusive delivery-to-factory prices at 980-990 yuan/mt. Market supply and demand is sluggish. As environmental protection-related controls tighten, ore processing enterprises have suspended operations, and transportation has been hindered. More producers are on holiday, and only a few with rigid demand are making moderate transactions, leading to a sluggish market.

[Domestic Iron Ore Brief: Iron Ore Concentrates Prices in West Liaoning May Have Some Upside Potential] The market in west Liaoning remains relatively calm, with 66 grade iron ore concentrates wet basis ex-factory prices at 720-730 yuan/mt; currently, most mines and beneficiation plants are operating normally, but overall resources remain tight. The mine and beneficiation plant sector reported that the supply of explosives may be restricted next week, affecting the production of some beneficiation plants due to a shortage of ROM supply.

[Domestic Iron Ore Brief: Tangshan Area Iron Ore Concentrates Prices May Remain Volatile] The domestic ore market in the Tangshan area was generally stable, with the current 66-grade iron ore concentrates dry basis tax-inclusive delivery-to-factory price at 980-990 yuan/mt. Under environmental protection-related controls, ore processing enterprises have successively halted operations for maintenance, and transportation has been hindered, exacerbating the overall tightness of market resources. Resources from Shandong and Anhui regions are accelerating their flow into the local area.