[Brief review of domestic mines on May 7]

The domestic ore market in western Liaoning is relatively quiet, with the ex-factory price of Fe66% iron ore concentrates at 790-800 yuan/ton (excluding tax, wet basis). According to SMM, a mine collapse occurred in Chaoyang City recently. The local government stopped explosives supply on the 2nd of this month. The production of some dressing plants is stagnant, and the local resource tension has intensified. A comprehensive inspection will be carried out in the next few days, and some dressing plants may be shut down for maintenance. On the demand side, there has been a recent bidding demand and a shortage of local resources. The local iron ore concentrates may have upside room.