SMM

【Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Western Liaoning May Rise Slightly】The market prices of domestic ore in western Liaoning have remained stable, with the ex-factory price for 66-grade wet basis excluding tax at 700-710 yuan/mt. Local ROM resources are hard to find, and the production costs of beneficiation plants are relatively high. Producers, considering their own profits, still have a strong sentiment to stand firm on quotes. Additionally, large mines have limited supply, with most directly delivered to steel mills, resulting in tight spot cargo resources in the market. In-production beneficiation plants have low inventory and are not in a hurry to sell, thus providing support for the asking prices.