[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning Expected to Remain Stable

The market for domestic ore in western Liaoning was sluggish, with buyers exhibiting strong risk aversion. A small number attempted to drive down prices with inquiries. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding taxes, was 740-750 yuan/mt. However, most beneficiation plants, facing no funding pressure, refused to budge on prices and held back from selling. Steel mills primarily purchased as needed, with no significant restocking activity. Overall market trading sentiment was weak, leaving little room for price fluctuations. Prices for local iron ore concentrates are expected to remain stable with a wait-and-see approach during the National Day holiday. [SMM Steel]