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

Today, the domestic ore market in Liaodong saw prices rise in some regions. Driven by the continued strength of external markets, local iron ore concentrate prices increased slightly. Most local beneficiation plants are optimistic about the future market and show a strong reluctance to budge on prices, refusing to sell below their psychological price level. In contrast, traders generally maintain a rational attitude, with no speculative purchasing observed. Overall, market transactions remained relatively sluggish. On the steel mill side, the maintenance at the local Xin Steel has concluded, and most mills are now operating normally, providing some support to demand. Overall, it is expected that local iron ore concentrate prices may maintain volatile movement in the short term. [SMM Steel]