[Brief Review of Domestic Iron Ore] The Price of Iron Ore Concentrates in the Western Liaoning Region May Remain Stable

The Liaoxi domestic ore market continued a relatively stable trend, with ex-factory prices for 66-grade wet basis excluding tax at 690-700 yuan/mt. As the holiday approaches, beneficiation plants in various regions are gradually shutting down for the holiday. While most operating beneficiation plants are holding firm on their asking prices, a few traders, despite having restocking needs, are mostly cautious in inquiries, with lower prices prevailing. The tight supply situation provides some support for local iron ore concentrate prices. On the steel mill side, pre-holiday restocking has largely concluded, and considering the impact of current steel mill profits, the overall desire to bargain down prices remains strong. In the short term, the market is in a weak supply and demand situation. Given the recent high-level fluctuations in iron ore futures, local iron ore concentrate prices are expected to remain stable in the short term. 【SMM Steel】