[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in west Liaoning may rise slightly

Published: Jul 2, 2025 17:26

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[Domestic iron ore market brief: Iron ore concentrates prices in west Liaoning may rise slightly] Prices of iron ore concentrates in the west Liaoning region have remained relatively stable, with ex-factory prices (excluding tax, wet basis) for 66% grade iron ore concentrates ranging from 670 to 680 yuan/mt. Various inspections have been relatively frequent in the local area, leading to a relatively tight supply of iron ore concentrates production resources overall, which provides certain support for local ore prices.

Iron ore concentrate prices in the Liaoxi region remained relatively stable, with 66% grade wet-basis ex-factory prices (tax excluded) at 670-680 yuan/mt. Frequent local inspections have kept overall iron ore concentrate supply relatively tight, providing some support to local ore prices. On the demand side, steel mills are primarily purchasing as needed, with persistent strong desire to bargain down prices. In the short term, the market's tug-of-war between supply and demand remains pronounced. However, considering the overall strength in today's iron ore futures market trends, it may drive a slight upward movement in domestic iron ore concentrate prices. [SMM Steel]

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