[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Fluctuate in the Doldrums.

Prices for domestic iron ore concentrates in west Liaoning remained relatively stable, with the current ex-factory price for 66% grade wet-base concentrates, excluding tax, at 755-760 yuan/mt. Mines and beneficiation plants are currently operating normally as planned, without significant impact from related safety inspections, but overall iron ore concentrate resources remain relatively tight. Demand side, local steel mills are primarily purchasing as needed, but the overall desire to bargain down prices is relatively strong, and market transactions are relatively sluggish. Today, iron ore futures weakened, which may affect trading sentiment in the domestic iron ore concentrate market. Prices for local iron ore concentrates are expected to fluctuate in the doldrums next week. [SMM Steel]