[Domestic Iron Ore Brief Review] Resources Remain Tight, Local Iron Ore Concentrate Prices Expected to Remain Volatile

Published: Jan 4, 2026 17:38

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Remain in the Doldrums with Fluctuations] The domestic ore market in west Liaoning showed no significant fluctuations. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 740-750 yuan/mt. Mines and beneficiation plants are mostly holding prices firm and adopting a wait-and-see approach. Buyers, considering no urgent restocking needs, show little purchase willingness at this price level; traders maintain a cautious mindset.

During the holiday, domestic iron ore concentrate prices in Hebei remained relatively stable. In Tangshan, the delivery-to-factory price, tax included, for 66% grade iron ore concentrates (dry basis) was 985–990 yuan/mt; in Chengde, 65% grade vanadium-titanium iron ore concentrates were priced at 930 yuan/mt, nearly unchanged from pre-holiday levels. Environmental protection measures continued to affect some areas, keeping local iron ore concentrate supply generally tight. Steel mills still showed no clear restocking activity, purchasing as needed, and overall market transactions remained relatively sluggish. Entering next week, local iron ore concentrate prices are expected to remain volatile. [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.

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