[China Iron Ore Brief] The price of iron ore concentrates in west Liaoning may consolidate on a subdued note.

Published: Jul 23, 2026 17:50

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Transactions in the domestic ore market in western Liaoning are weak. The pre-tax EXW price of wet basis 66% grade acid concentrate in the Chaoyang area is 715-720 yuan/mt, but at this price, beneficiation plants find it difficult to sell. Buyers and sellers are mostly in a stalemate, taking a wait-and-see approach. Some mines have resumed production, but due to strict inspections, operations will remain at low levels, and short-term supply relief is limited, providing strong support for prices. Steel mills currently have a relatively strong desire to bargain down prices and mostly purchase as needed. Combined with the recent weak trend of iron ore futures, it is expected that local iron ore concentrate prices may consolidate on a subdued note in the short term. [SMM Steel]

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