SMM

Today, the domestic ore market in Liaodong operated steadily. Sentiment across mines and beneficiation plants was predominantly wait-and-see, while traders, cautious about future market trends, procured goods relatively prudently. Overall market transactions remained weak. In some local areas, affected by a new round of safety inspections, the operating rate of mines and beneficiation plants declined. In the short term, spot cargo resources available in the market are expected to tighten, supporting ore prices. However, under steel mills' cost-control measures, most maintained restocking based on demand, lacking subjective motivation to increase prices. Overall market transactions were relatively sluggish. It is expected that in the short term, local iron ore concentrates prices may fluctuate.