[Domestic Iron Ore Brief] Iron Ore Concentrate Prices in West Liaoning May Remain in the Doldrums

In west Liaoning, prices for iron ore concentrates remained relatively stable, with ex-factory prices for Fe66% iron ore concentrates (wet basis, excluding tax) at 750-760 yuan/mt. Currently, resources at mines and beneficiation plants remain relatively tight, providing some support for local iron ore concentrate prices. Recently, the National Security Agency is set to conduct inspections in the area, which may impact production at local mines and beneficiation plants. On the demand side, steel mills primarily purchase as needed, with a strong overall desire to bargain down prices. Coupled with the recent weak performance of local iron ore futures, which may affect domestic iron ore prices, it is expected that local iron ore concentrate prices may trend in the doldrums. [SMM Steel]