[Brief Review of Domestic Iron Ore] Prices at mines and beneficiation plants in the western Liaoning region may be in the doldrums

Published: Jun 20, 2025 17:04

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[Brief Review of Domestic Iron Ore Market: Prices at Mines and Beneficiation Plants in Western Liaoning May Remain in the Doldrums] The domestic ore market in western Liaoning is sluggish. This week, the ex-factory price of Fe66% iron ore concentrates (wet basis, tax not included) in the region decreased by 10-15 yuan/mt, currently at 880-890 yuan/mt. Recently, it has been raining frequently in the area. Considering the high moisture content of iron ore concentrates, traders have low enthusiasm for purchasing, with only a few inquiries at low prices.

The domestic ore market in western Liaoning was sluggish. This week, the ex-factory price of Fe66% iron ore concentrates (wet basis, tax excluded) in the region decreased by 10-15 yuan/mt, currently standing at 880-890 yuan/mt. Frequent rainfall in the area recently has led traders to consider the high moisture content of iron ore concentrates, resulting in low purchasing activity. Only a few low-price inquiries were made, and the enthusiasm for purchasing was generally moderate. Steel mills restocked on demand when prices were low, and there was still a rigid demand for iron ore. However, due to the characteristics of the off-season and the average profitability of steel mills, their desire to drive down prices on the raw material side remained unchanged. Mines and beneficiation plants currently have a strong reluctance to budge on prices. Overall market transactions were weak, and there was still a tug-of-war between sellers and buyers. It is expected that the price of local iron ore concentrates may remain in the doldrums next week. [SMM Steel]

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