[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning May Experience Volatile Fluctuations

Published: Jan 13, 2026 17:18

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[Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in West Liaoning Expected to Fluctuate] The domestic ore market in west Liaoning is experiencing sluggish trading. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, is 740-750 yuan/mt. Iron ore concentrate resources are relatively tight at present, with mines and beneficiation plants showing a strong tendency to hold back cargoes. As cold weather intensifies, mining operations are becoming restricted, and some have temporarily suspended production.

Trading activity in the domestic ore market in western Liaoning remained sluggish. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, stands at 740-750 yuan/mt. Iron ore concentrate resources are relatively tight, and mines and beneficiation plants have a strong tendency to hold back cargoes. As colder weather sets in, mining operations face restrictions, with some temporarily suspending production. Tight ROM resources have dampened production enthusiasm at beneficiation plants, and most maintain low inventory levels, supporting firm high price expectations from mines and beneficiation plants. Steel mills, on the whole, have not yet shown significant restocking operations and maintain a relatively strong desire to bargain down prices. In the short term, the market is characterized by weak supply and demand. Overall, it is expected that local iron ore concentrate prices may fluctuate in the near term. [SMM Steel]

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