[China Iron Ore Brief] Iron ore concentrates prices in west Liaoning may consolidate

Published: Jul 7, 2026 18:05

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The Liaoxi domestic ore market is relatively stable. The wet basis EXW price of 66% grade iron ore concentrates, excluding tax, is 710-720 yuan/mt. Buyers show moderate enthusiasm for inquiries and purchases, while their overall desire to bargain down prices remains strong. Recently, frequent rains in some areas have further increased the moisture content of some spot cargoes, and buyers' purchasing activity is subdued. For mines and beneficiation plants, affected by the rainy weather, overall iron ore concentrate resources remain tight, and local mines and beneficiation plants generally have a strong willingness to hold prices firm. Market sellers and buyers remain in a standoff, and it is estimated that in the short term, local iron ore concentrate prices will likely continue to consolidate. [SMM Steel]

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