[Domestic Iron Ore Brief] Iron ore concentrates prices in west Liaoning may continue to fluctuate

The domestic ore market in western Liaoning is relatively sluggish. Currently, the ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 720-730 yuan/mt. Traders are cautious, while mines and beneficiation plants generally hold firm on their offers and are unwilling to sell at lower prices. Buyers and sellers are at a slight stalemate. On the demand side, steel mills are mostly operating normally as planned with no maintenance schedules, but they are primarily purchasing as needed and have a strong desire to bargain down prices. The market is currently in a situation of weak supply and demand. It is expected that local iron ore concentrate prices may remain volatile in the short term. [SMM Steel]