[Domestic Iron Ore Brief Review] Prices of Iron Ore Concentrates in the Western Liaoning Region Fluctuate Downward

Published: Jan 10, 2025 18:10

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[Domestic Iron Ore Brief Review: Weak Fluctuation in Iron Ore Concentrate Prices in Western Liaoning] Recently, the transaction performance in the Western Liaoning iron ore market has been poor, with iron ore concentrate prices showing a downward trend. The ex-factory price for 66-grade wet basis, excluding tax, is 690-700 yuan/mt. Many beneficiation plants are operating at low levels, and tight resources provide strong support for prices, with beneficiation plants maintaining firm offers.

SMM Daily Review on Domestic Iron Ore Concentrates
Recently, the transaction performance in the Liaoxi iron ore market has been poor, with prices of iron ore concentrates showing a downward trend. The ex-factory price for 66-grade wet basis, excluding tax, is 690-700 yuan/mt. Many beneficiation plants are operating at low levels, and tight resources provide strong support for prices, with beneficiation plants holding firm on their asking prices. On the demand side, most steel mills are currently purchasing as needed, with a strong desire to bargain down prices overall. Considering the recent weak performance of iron ore futures, it is expected that local iron ore concentrate prices may slightly decline in the near term. 【SMM Steel】

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