en.Wedoany.com Report, This week (March 23rd-28th), China's iron ore concentrate market showed a regionally divergent pattern. Prices in East China recorded an increase of 15-20 yuan/ton, while prices in Tangshan, Qian'an, and Qianxi in Hebei Province rose slightly by 1-5 yuan/ton. Quotations in Chaoyang, Beipiao, and Jianping in western Liaoning Province remained stable.

On the supply side, the overall supply of domestic iron ore resources remains tight. The circulating volume in the domestic ore market has not shown a significant increase, and mining companies are maintaining a steady pace of shipments, providing fundamental support for iron ore concentrate prices. On the demand side, according to SMM monitoring data, blast furnace hot metal production at steel mills continues its growth trend. Steel enterprises' procurement demand for iron ore concentrate remains high, forming strong support for iron ore prices. Regarding imported ore, import iron ore prices have been rising continuously recently. As of March 28th, the price of 62% grade imported iron ore has increased by approximately $3/ton compared to last week, further boosting confidence in the domestic market. Overall, under the combined influence of tight supply, steady demand growth, and rising imported ore prices, it is expected that China's iron ore prices may continue to rise next week.