[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in West Liaoning May Continue to Rise

Post-holiday prices for iron ore concentrates in west Liaoning remained relatively stable, with the current ex-factory price for 66% grade wet-base concentrates excluding tax at 740–750 yuan/mt. Supply from mines and beneficiation plants remains relatively tight, and these producers exhibit a strong wait-and-see sentiment, unwilling to sell below their psychological expectations. Steel mills are mainly purchasing as needed, with a relatively strong overall desire to bargain down prices, leading to sluggish market transactions. Considering the recent strength in iron ore futures, which may drive up domestic transaction prices for iron ore concentrates, local iron ore prices are expected to have some upward potential in the short term. [SMM Steel]