[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in West Liaoning May Show Volatile Fluctuations

The domestic ore market in western Liaoning remains relatively stable currently, with the ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, at 740-750 yuan/mt. Traders' inquiry enthusiasm is average, and inventory pressure at beneficiation plants is relatively small. Most mines and beneficiation plants maintain firm high offers. Currently, local mines and beneficiation plants are mostly operating normally according to plan. It is rumored that the National Security Bureau may conduct safety inspections in the area in December, and it is expected that relevant mines and beneficiation plants may carry out self-inspections and corrections in advance. Overall, iron ore concentrate resources in the area remain relatively tight. Steel mills are mainly purchasing as needed, with a relatively strong overall desire to bargain down prices. Comprehensively, it is expected that local iron ore concentrate prices may fluctuate in the short term. [SMM Steel]