[Domestic Iron Ore Brief] Prices of Iron Ore Concentrates in Western Liaoning May Oscillate with a Stable but Weak Trend

Published: Mar 6, 2025 17:19

Save

Domestic Iron Ore Brief: Liaoxi Region Iron Ore Concentrates Prices May See Weak and Stable Fluctuations Liaoxi domestic iron ore concentrates prices slightly declined by 5-10 yuan, with the 66 grade wet basis ex-factory price without tax at 730-735 yuan/mt. Affected by the price reduction from the leading local steel mill, the overall market transactions were relatively quiet; the Two Sessions are in session, although explosives supply is normal, mines and beneficiation plants noted that safety inspection intensity has significantly increased in recent days, with some mines halting production for maintenance, putting local iron ore concentrates resources in a tight state.

Domestic iron ore concentrates prices in western Liaoning slightly declined by 5-10 yuan, with 66 grade wet basis ex-factory prices excluding tax at 730-735 yuan/mt. Affected by the price reduction from the leading local steel mill, overall market transactions were relatively quiet. The Two Sessions are in session, and although explosives supply is normal, mines and beneficiation plants noted that safety inspections have intensified in recent days, with some mines shutting down for maintenance. Local iron ore concentrates resources are in a tight state, providing some support to local prices. On the macro front, there has been frequent speculation about crude steel production cuts, leading to a generally bearish sentiment in the market. Coupled with the significant decline in prices of imported iron ore and in the Tangshan region, it is expected that local iron ore concentrates prices may continue to edge down slightly. [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 to learn 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

17 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

17 hours ago

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

17 hours ago

18 hours ago

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

18 hours ago