[China Iron Ore Brief] Next week, domestic iron ore concentrate prices may be in the doldrums.

Published: Jun 26, 2026 17:26

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[Domestic Iron Ore Brief] This week, domestic iron ore concentrates prices edged down. Regionally, prices in Tangshan, Qian'an, and Qianxi in Hebei were relatively stable; those in Chaoyang, Beipiao, and Jianping in western Liaoning dropped by 1-5 yuan/mt, and in east China by 1-5 yuan/mt. This week, mines and beneficiation plants mostly maintained normal production as planned, with overall resource supply remaining tight. On the demand side, steel mills and traders maintained purchasing as needed.

This week, prices of domestic iron ore concentrates edged down. In terms of regional performance, prices in Tangshan, Qian'an, and Qianxi in Hebei were relatively stable; Chaoyang, Beipiao, Jianping, and other areas in western Liaoning fell by 1-5 yuan/mt; and east China dropped by 1-5 yuan/mt. Mines and beneficiation plants mostly maintained normal production as planned, and overall ore supply remained tight. On the demand side, steel mills and traders maintained purchasing as needed, with a strong desire to bargain down prices. However, overall, the market is currently dominated by sellers. Against the backdrop of ore shortages, mines and beneficiation plants showed strong confidence in holding prices firm, and domestic concentrates prices remained relatively stable. Looking ahead to next week, China's iron ore supply side is expected to remain tight, but on the demand side, hot metal production at steel mills shows a downward trend, weakening support for iron ore procurement. Fundamentals are marginally weakening, and domestic iron ore concentrates prices are expected to edge down next week. [SMM Steel]

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