[China Iron Ore Brief Commentary] Iron ore concentrates prices in west Liaoning will likely remain stable

Published: Jul 15, 2026 17:57

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Transactions in west Liaoning are sluggish, with the price of 66% grade iron ore concentrates, wet basis and excluding tax, at 710-720 yuan/mt. Supply side, affected by heavy rainfall, local mines received flood control safety alerts around the first ten days of the month and are almost at a standstill. A few mines with ROM ore reserves remain in production, but overall iron ore concentrates resources are relatively tight. Demand side, steel mills mostly purchase according to their plans, with a relatively strong desire to bargain down prices. In the short term, sellers and buyers remain in a standoff. It is estimated that local iron ore concentrates prices will trend steadily in the short term. [SMM Steel]

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