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

Published: Mar 25, 2026 17:01

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[China Iron Ore Brief: Iron Ore Concentrates Prices in West Liaoning May Continue to Fluctuate in the Doldrums] Iron ore concentrates prices in west Liaoning were relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt; affected by earlier safety inspections, some local mines and beneficiation plants had only just resumed normal production, and overall iron ore concentrates resources remained relatively tight, still providing some support for local ore prices. Demand side, steel mills mostly purchased as needed, and the overall desire to bargain down prices was relatively strong. The market heard today that negotiations may have been reached, iron ore futures fell rapidly, market confidence

Iron ore concentrates prices in west Liaoning were relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt; affected by earlier safety inspections, some local mines and beneficiation plants had only recently resumed normal production, and overall iron ore concentrates resources remained relatively tight, still providing some support to local ore prices. Demand side, steel mills mostly purchased as needed, with an overall relatively strong desire to bargain down prices. The market heard today that negotiations may have been concluded, and iron ore futures fell rapidly, weakening market confidence. Overall, iron ore concentrates prices were expected to remain in the doldrums. [SMM Steel]

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