[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in west Liaoning may be in the doldrums

Published: Jun 26, 2025 17:30

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[Domestic iron ore market brief: Iron ore concentrates prices in west Liaoning may remain in the doldrums] Prices of local iron ore concentrates in west Liaoning have remained relatively stable, with ex-factory prices (wet basis, excluding tax) for 66% grade ore at 670-680 yuan/mt. Recently, local safety inspections have tightened, leading to a relatively tight supply of resources from mines and beneficiation plants. However, there is a strong bearish sentiment in the market in the long term, with most producers focusing on selling as they produce. The reluctance to budge on prices has weakened.

In west Liaoning, local iron ore concentrate prices have remained relatively stable, with ex-factory prices (excluding tax) for 66% grade wet-based iron ore concentrates ranging from 670 to 680 yuan/mt. Recently, local safety inspections have tightened, leading to a relatively tight supply of resources from mines and beneficiation plants. However, there is a strong bearish sentiment in the market, with most producers selling as they produce and showing reduced reluctance to budge on prices. On the demand side, traders are cautious in purchasing and mostly follow steel mill orders for procurement. Overall market transactions are currently average. Additionally, the recent volatile trend in the iron ore futures market suggests that local iron ore concentrate prices are likely to remain in the doldrums with volatile movements in the short term. [SMM Steel]

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