[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Liaodong Region Expected to Remain Volatile

In the Liaodong region's domestic ore market, transactions showed no significant improvement. The continued strength in external markets has boosted local market sentiment, with producers showing a clear tendency to set high prices. However, traders generally maintain a cautious stance, with limited enthusiasm for inquiries. The operating rate of local mines and concentrators has not seen a notable increase recently, and the supply of tradable resources remains limited, providing some support to local iron ore concentrate prices. A local mine and concentrator indicated that the maintenance of mining equipment is expected to be completed soon, and production will return to normal levels. However, other suspended operations in the area have yet to show significant progress, making it difficult to alleviate the overall tight supply situation. Overall, it is expected that local iron ore concentrate prices will likely maintain their current levels with fluctuations. [SMM Steel]