[China Iron Ore Brief] Iron Ore Concentrate Prices in West Liaoning May Remain in the Doldrums and Fluctuate

Published: Jun 23, 2026 17:56

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[Domestic Iron Ore Brief] The domestic ore market in Liaoxi showed no significant fluctuations. The current EXW price for 66% grade iron ore concentrates on a wet basis excluding tax is 730-735 yuan/mt. Some traders' inquiry activity was moderate, but most ore processors still held back from selling and asked high prices. Steel mills had a strong cost-control mindset, and depending on their own demand, their inquiry and purchase prices diverged but remained generally low. Although some ore processors had stockpiles in inventory, they considered that available resources in the spot market remained tight.

The domestic ore market in western Liaoning showed no significant fluctuations, with the current EXW price of 66% grade iron ore concentrates on a wet basis excluding tax at 730-735 yuan/mt; some traders show moderate inquiry activity, but most miners still hold back from selling and ask for high prices; steel mills have a strong cost-control mindset, and their inquiry and purchase prices diverge based on their different needs, but overall remain low; some miners have stockpiled inventory, but considering the still-tight available spot market resources and lack of financial pressure, they mostly show no willingness to sell below their psychological price, and overall market transactions are relatively sluggish. On the whole, it is estimated that local iron ore concentrate prices will likely continue to show a weak and stable fluctuating trend in the short term. [SMM Steel]

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