[Domestic Iron Ore Review] Iron Ore Concentrates Prices in East Liaoning May Fluctuate at Highs

Today, the domestic ore market in Liaodong was mostly stable, with asking prices in some areas edging up slightly. Local mining and beneficiation operations remained at low levels, and with continuous rainy weather over the past two days, ore resources became even scarcer, which strengthened beneficiation plants' inclination to ask for higher prices. Traders, facing low inventory and high purchase costs, temporarily refrained from quoting volumes, and supply and demand remained deadlocked. Steel mills are currently operating normally for the most part, but they mainly purchase as needed, and the overall desire to bargain down prices remains strong. However, considering the recent strong performance of iron ore futures, it is expected that local iron ore concentrate prices may continue to fluctuate at highs in the short term. [SMM Steel]