[China Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning May Show Volatile Trends

Published: May 27, 2026 17:47

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[Brief Review of China's Iron Ore Market] The domestic ore market in western Liaoning saw cautious trading. Currently, the wet-basis tax-inclusive ex-factory price of 66-grade iron ore concentrates stood at 730-735 yuan/mt. Mines and beneficiation plants maintained firm asking prices, but buyers mostly adopted a wait-and-see approach with no purchase willingness at this price level. Affected by the coal mine accident in Shanxi, most mines were concerned about stricter safety and environmental protection inspections and dared not operate easily. Some large mines even planned to halt production for maintenance in the near term to avoid risks. Available spot cargo resources were expected to tighten further, providing some support for local ore prices. However, iron ore futures showed a weak trend recently.

The domestic ore market in western Liaoning saw cautious trading. Currently, the ex-factory price of 66-grade iron ore concentrates on a wet basis and tax-inclusive basis stood at 730-735 yuan/mt. Mines and beneficiation plants maintained firm asking prices, but buyers mostly adopted a wait-and-see approach with no purchase willingness at this price. Affected by the coal mine accident in Shanxi, most mines were concerned about stricter safety and environmental protection inspections and dared not operate easily. Some large mines even planned to halt production for maintenance in the near term to avoid risks. Available spot cargo resources were expected to tighten further, providing some support for local ore prices. However, iron ore futures showed a weak trend recently, and local iron ore concentrates prices were expected to fluctuate in the short term.

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