[China Iron Ore Brief] Iron Ore Prices in Western Liaoning Likely to Consolidate

Published: Aug 28, 2026 17:19

Save

The western Liaoning domestic ore market held steady, with the wet-basis, tax-exclusive EXW price of local 66% grade iron ore concentrates at 700-710 yuan/mt; trader inquiries were sparse and demand remained weak. Iron ore futures trended stronger, leaving seller sentiment upbeat; sellers generally insisted on high offers, and some ore processors considered bids low and had no willingness to sell for now, while buyer sentiment showed no clear improvement.

The domestic ore market in Western Liaoning held steady, with local 66% grade iron ore concentrates quoted at wet-basis, tax-exclusive EXW prices of 700-710 yuan/mt. Trader inquiries were scarce, and demand remained weak. Iron ore futures trended strong, and seller sentiment was favorable, with sellers generally holding firm on high offers; some ore processors deemed bid prices too low and had no willingness to sell for the time being. Buyer sentiment, however, showed no clear improvement, with wait-and-see sentiment relatively strong, and the market tug-of-war was fairly evident. Overall, local iron ore concentrate prices are expected to remain in the doldrums and consolidate in the near term. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

35 mins ago

[China Iron Ore Brief] Prices of Iron Ore Concentrates in Tangshan Region May Consolidate

Iron ore concentrate prices in the Tangshan area are relatively stable, with dry-basis, tax-inclusive EXW prices for 66-grade iron ore concentrates at 950-960 yuan/mt. Local iron ore concentrate resources are relatively tight, and the willingness to hold prices firm is relatively strong. Demand side, steel mills mostly purchase as needed; currently, steel mill losses are relatively pronounced, and the cost-effectiveness of domestic ore remains at a relatively low level.

35 mins ago

1 hour ago

[SMM Steel]

[Sheets & Plates] Today, the export prices of hot-rolled coil and other sheets and plates rose $2-3/mt day-on-day, with hot-rolled coil transaction prices concentrated in the $491-496/mt range. Market trading sentiment was flat today, with most offers remaining high, and no large-volume transactions were heard.

1 hour ago

Shanghai Futures Exchange Approves “Xianggang” Brand Rebar for Delivery by Hunan Valin Steel

Shanghai Futures Exchange Issued an Announcement on Approving the Registration of “Xianggang” Brand Rebar Produced by Hunan Valin Steel Co., Ltd.: Recently, our Exchange received the relevant application materials submitted by Hunan Valin Steel Co., Ltd. In accordance with the relevant provisions including the Administrative Measures of Shanghai Futures Exchange for Registration of Steel Delivery Commodities, upon study, it is decided as follows: I. Approve the registration with our Exchange of “Xianggang” brand rebar produced by Hunan Valin Steel Co., Ltd., and implement the standard price. II. As of the date of this announcement, the above products may be used for performance delivery under our Exchange’s rebar futures contract. The relevant product details are as follows: Registered enterprise: Hunan Valin Steel Co., Ltd.; Place of origin: Yangchun, Guangdong; Manufacturer: Yangchun New Steel Co., Ltd.; Product name: rebar; Registered trademark: “Xianggang” brand.

1 hour ago