China's iron ore concentrates market showed mixed performance this week. In terms of regional performance, prices in Tangshan, Qian'an, and Qianxi in Hebei rose slightly by 1-5 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning dropped by 10-15 yuan/mt; prices in east China remained relatively stable.
Looking ahead to next week, domestic iron ore resources overall remain relatively tight, coupled with an expected increase in hot metal production, providing relative support on the fundamentals side. However, with a recent concentration of bearish external news, iron ore futures have been weakening, and overall domestic iron ore prices are expected to be in the doldrums next week.
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