[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile

Published: Nov 21, 2025 17:19

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile] The domestic ore market in west Liaoning is experiencing a supply-demand stalemate. The current ex-factory price for Fe66% iron ore concentrates on a wet basis, excluding tax, is 750-760 yuan/mt. Local mines and beneficiation plants, considering cost support, are maintaining firm asking prices. However, buyers' purchase willingness is weak, with most adopting a cautious wait-and-see approach, showing little willingness to purchase at this price level. Steel mills maintain a cautious attitude towards raw material procurement.

The supply and demand in the domestic ore market in western Liaoning remained deadlocked. The current ex-factory price for Fe66% iron ore concentrates on a wet basis, excluding taxes, was 750-760 yuan/mt. Local mines and beneficiation plants, taking cost support into account, maintained firm asking prices. However, buyers showed weak purchase willingness, mostly adopting a cautious wait-and-see approach, and were reluctant to purchase at these prices. Steel mills maintained a cautious stance on raw material procurement. Affected by weather factors, the moisture index of spot resources from some mines and beneficiation plants was relatively high. Overall market transactions were relatively sluggish currently. Considering the relatively firm trend in iron ore futures recently, it is comprehensively expected that local iron ore concentrate prices may maintain a volatile trend next week. [SMM Steel]

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