[China Iron Ore Brief] Iron Ore Concentrates Prices in the Liaodong Region Are Likely to Remain in the Doldrums

The domestic ore market in Liaodong is relatively stable, with mines and beneficiation plants showing a relatively strong willingness to hold prices firm and mostly reluctant to sell below psychological expectations. Both sides are clearly in a stalemate and waiting on the sidelines. Steel mills, taking advantage of the situation, have strengthened their desire to push for lower prices. Moreover, some individual equipment is not running smoothly and is under shutdown and debugging, leading to weakening demand and increasing constraints on ore prices. However, ROM ore is in short supply, and the periodic production of beneficiation plants has not significantly eased supply tightness, which still provides support for the bottom of ore prices. In the short term, sellers and buyers in the market remain in a game-playing state. It is expected that local iron ore concentrate prices will likely operate in the doldrums in the near term. [SMM Steel]