[Domestic Iron Ore Brief Review] The east Liaoning market prices may slightly pick up

Driven by bullish sentiment, the domestic ore market prices in east Liaoning showed an upward trend in iron ore concentrates prices. The prices of Fe66% iron ore concentrates were 810-820 yuan/mt. (excluding tax, wet basis). However, due to the impact of rainy weather and the fact that most traders were on the sidelines, the enthusiasm for purchasing is generally moderate. Steel mills still have a strong willingness to bargain, and market competition is quite evident. Considering the bullish sentiment, beneficiation plants are holding firm on prices. It is expected that there is a slight upward space for local transaction prices in the east Liaoning domestic ore market.