[China Iron Ore Brief] Iron Ore Concentrates Prices May Be in the Doldrums Next Week

Published: May 22, 2026 18:14

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[China Iron Ore Brief] Iron ore concentrates prices in China pulled back notably this week. By region, prices in Tangshan, Qian'an, and Qianxi in Hebei dropped 10-15 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning fell 5-10 yuan/mt; east China edged up 3-5 yuan/mt. Iron ore futures have been in the doldrums recently, suppressing local prices, and iron ore concentrates prices were generally in the doldrums this week. Looking ahead to next week, steel mill profits are expected to be under pressure, and steel mills are expected to have a strong desire to bargain down prices for iron ore concentrates.

China's iron ore concentrates market prices pulled back notably this week. By region, prices in Tangshan, Qian'an, and Qianxi in Hebei dropped 10-15 yuan/mt; prices in Chaoyang, Beipiao, and Jianping in western Liaoning fell 5-10 yuan/mt; east China edged up 3-5 yuan/mt. Recent iron ore futures trended weak, suppressing local prices, and iron ore concentrates prices were generally in the doldrums this week. Looking ahead to next week, steel mill profits are under pressure, and steel mills have a strong desire to bargain down prices for iron ore concentrates; coupled with continued fluctuations in imported ore prices, domestic ore prices are more likely to fall than rise, and the market is expected to remain in the doldrums overall. [SMM Steel]

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