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

Today, the domestic ore market in certain areas of western Liaoning was relatively stable, with the ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, at 740-750 yuan/mt. The tight supply of spot resources in the local market remained unchanged, with beneficiation plants holding firm on high offers, while some traders slightly increased purchase prices in line with steel mill pricing. Steel mills are currently maintaining normal production as planned, but amid compressed profits, the overall desire to bargain down prices remains strong. Overall, the market is characterized by weak supply and demand. In the short term, local iron ore concentrate prices are expected to fluctuate at highs. [SMM Steel]