SMM Survey: Temporary Maintenance Increases, Slight Decline in Iron Ore Concentrates Production

Published: Mar 31, 2025 14:00

Save

According to SMM data, the capacity utilisation rate of domestic mines last week was 58.3%, down 1.3 percentage points WoW. The production of iron ore concentrates was 778,000 mt, down 17,000 mt MoM. In addition, the inventory of mine concentrates increased by 95,000 mt, with the current inventory standing at 285,000 mt.

According to SMM data, the capacity utilisation rate of domestic mines stood at 58.3% last week, down 1.3 percentage points WoW. The production of iron ore concentrates was 778,000 mt, down 17,000 mt MoM. In addition, the inventory of mine concentrates rose by 95,000 mt, with the current inventory at 285,000 mt.
Last week, the production of iron ore concentrates showed a slight decline. Firstly, some beneficiation plants in east China underwent temporary maintenance, leading to a slight drop in production. Secondly, some mines and beneficiation plants in north-east China reported production cuts due to raw ore supply issues, resulting in an overall decline in production. In terms of sales, the demand for single magnetite concentrates was moderate, with good market transactions. However, the sales of other iron powders such as spiegeleisen were average, and inventories at mines and beneficiation plants began to accumulate. This week, with the completion of plant maintenance, the production of iron ore concentrates is expected to rise slightly.

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

15 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.

15 hours ago

16 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.

16 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...

16 hours ago