[Domestic Iron Ore Brief Review] Iron ore concentrate prices in west Liaoning may maintain volatile operation

Iron ore concentrate prices in west Liaoning are relatively stable, with the ex-factory price for 66% grade wet-base concentrates (excluding tax) at 740-750 yuan/mt. Currently, production at mines and beneficiation plants is relatively stable, as local safety inspections have eased, and most operations are proceeding as planned. According to feedback from mines and beneficiation plants, current low temperatures mean they will not easily halt production if ore supply is sufficient, as frozen drainage systems would prevent short-term production. Steel mills continue to show a strong desire to bargain down prices, while overall restocking willingness among local steel mills remains weak, with most purchasing as needed. The market is expected to remain in the doldrums with fluctuations in the short term, and local iron ore concentrate prices are likely to stay steady. [SMM Steel]