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

Published: Dec 25, 2025 17:21

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Remain Volatile] The domestic iron ore market in West Liaoning has been relatively stable recently, with ex-factory prices for 66% grade iron ore concentrates on a wet basis, excluding tax, at 730-740 yuan/mt. Traders' inquiry enthusiasm is moderate, while mines and beneficiation plants maintain a strong willingness to hold prices firm, with only a few adjusting sales according to market conditions. Steel mills primarily restock when prices are low and are reluctant to purchase above their psychological price thresholds.

The domestic ore market in western Liaoning was relatively stable recently. The ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, was 730-740 yuan/mt. Traders' inquiry enthusiasm was average, while mines and beneficiation plants maintained a strong willingness to hold prices firm. Only a few adjusted sales according to market conditions. Steel mills primarily restocked at low prices, with little purchase willingness above their psychological price level. Operations among ore-holding mines and plants diverged: some with high-quality resources, facing no funding pressure, held firm with high offers; others, lacking confidence in the future market, sold at prevailing prices, but most had not accumulated significant inventory. Overall, market circulation resources remained tight. Coupled with recent volatile trends in iron ore futures, it is expected that local iron ore concentrate prices may maintain a fluctuating pattern in the short term. [SMM Steel]

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