The Transaction In The Domestic Ore Market In Western Liaoning Improved Slightly.

The transaction in the domestic ore market in western Liaoning improved slightly. The current price of iron ore concentrates 66 grade wet basis was 740-750 yuan/ton (tax-excluded). Mine and dressing plants were in a good mood and had strong bullish expectations for the market outlook. Holders were reluctant to sell at low prices and kept price firm, while most traders took wait-and-see stance, and only a few of buyers existed. On the whole, the shortage of resources was hard to change, the asking price was firm, but most traders were still worried about market risks and were not in a hurry to purchase goods. It is expected that the market will move sideways in the near future.