[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Have Some Upside Potential

Published: Jan 5, 2026 17:32

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning May Have Some Upside Potential] Trading activity in the domestic ore market in West Liaoning is sluggish, with local ex-factory prices for 66% grade iron ore concentrates (wet basis, tax-excluded) at 750–755 yuan/mt. Most mines and beneficiation plants are holding firm on their offers, but steel mills have some spot inventory on hand and are not in a hurry to restock for now. There is currently no purchase willingness at these prices, and concentrate prices in linked regions have edged down slightly.

The trading atmosphere in the domestic ore market in western Liaoning was sluggish. The ex-factory price for local 66% grade iron ore concentrates on a wet basis, excluding taxes, was 750-755 yuan/mt. Most mines and beneficiation plants maintained firm asking prices, but steel mills held some spot inventory and were not in a hurry to restock. There was currently no purchase willingness at this price level. Additionally, concentrate prices in linked regions edged lower, and steel mills overall had a strong desire to push for lower prices. Market transactions remained generally weak. On the imported ore side, iron ore futures showed a strong trend, which may stimulate local market transactions. It is expected that local iron ore concentrate prices may have some upward potential in the short term. [SMM Steel]

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