[Domestic Iron Ore Brief] Iron Ore Concentrate Prices in East Liaoning May Remain in the Doldrums

Published: Sep 26, 2025 17:08

Save

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in East Liaoning Expected to Remain in the Doldrums] Domestic ore prices in East Liaoning edged up by 10 yuan/mt. Local mine operations remain at persistently low levels, leading to tight spot cargo availability in the market. Coupled with steel mills' pre-National Day restocking expectations, sellers maintain a positive outlook, holding firm on high offers and showing reluctance to accept lower bids. However, steel mills, affected by weak sales of finished products,

The market price of domestic ore in Liaodong edged up by 10 yuan/mt. Local mining and beneficiation operations remained at low levels, leading to tight availability of spot resources in the market. Coupled with steel mills' pre-National Day restocking expectations, sellers maintained a positive outlook, holding firm on high offers and refusing to acknowledge lower prices. However, due to weak sales of finished steel products, steel mills still showed a strong desire to bargain down prices. To avoid risks, most traders adopted a cautious wait-and-see approach, postponing operations, with only a few making small restocks as needed. Recently, iron ore futures have shown a volatile trend. It is expected that local iron ore concentrate prices may remain in the doldrums in the short term. [SMM Steel]

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

Feb 6, 2026 18:30

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.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

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.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[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...

Feb 6, 2026 17:41