[Brief Comment on Domestic Iron Ore Market] Iron Ore Concentrates Prices in West Liaoning May Have Room to Rebound

Published: Jun 11, 2025 16:54

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[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in West Liaoning May Have Room for Further Increase] The market transactions of domestic ore in west Liaoning are weak, with prices fluctuating slightly downward. The ex-factory price of 66-grade iron ore concentrates (wet basis, excluding tax) is 680-690 yuan/mt. The local ROM resources are scarce, with most mine resources supplied to their own beneficiation plants. It is difficult for local independent beneficiation plants to externally purchase ROM, and the procurement costs are relatively high. Coupled with the current weak market, a small number of producers have chosen to suspend production for maintenance due to low shipping profits.

Market transactions in the domestic ore market in western Liaoning were weak, with prices fluctuating slightly downward. The ex-factory price of 66-grade iron ore concentrates on a wet basis, excluding tax, was 680-690 yuan/mt. Local ROM resources were scarce, with most mine resources being supplied to their own beneficiation plants. It was difficult for local independent beneficiation plants to externally purchase ROM, and procurement costs were relatively high. Additionally, given the current weak market, a small number of producers chose to halt production for maintenance due to low profits from sales. On the demand side, some local steel mills experienced inverted profits, and their demand for iron ore was mainly based on purchasing as needed. Overall, market transactions were weak. In other news, it was reported that preliminary consensus had been reached in the Sino-US negotiations, boosting market confidence. Today, the futures market for iron ore rebounded, which may drive up the prices of local domestic iron ore. In the short term, it is expected that there will be some upward potential for the prices of local iron ore concentrates. [SMM Steel]

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