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

Published: Jul 7, 2026 18:05

Save

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]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Steel] 7.7 SMM Global Steel Daily Report

[Vietnam] ASEAN hot-rolled coil (HRC) import offers ticked down to 535 USD/tonne CFR this week, with overall regional trading activity remaining deeply subdued in the thick of the seasonal doldrums. Facing an intersection of weak end-user demand and competitive import alternatives, local producers in Vietnam have been forced to lower their quotes to stimulate sales. However, as the substantial price reductions by the two major domestic mills last week were widely anticipated and import offers from international traders continue to hold a price advantage, local buyers showed little urgency to restock and largely maintain a strict wait-and-see stance. Notably, only isolated Indian HRC deals were reported closed at 525 USD/tonne CFR recently. Overall, given the reality of high regional inventory levels and sluggish downstream consumption, flat steel prices in Vietnam and neighboring nations will continue to face near-term headwinds.

1 hour ago

[SMM Hot-Rolled Arrivals] The arrival-to-order ratio increased this period

1 hour ago

Common.Time.hoursAgo

Futures and Spot Prices Moved Sideways Intraday, Overall Transactions Were Underwhelming

HRC futures closed at 3,283 today, down 0.21% for the day. In the spot market, cold and hot rolled prices remained largely stable. According to SMM data, steel mill profits have quickly shrunk recently. At the same time, pressure to take orders increased significantly during the off-season, leading some mills to plan new maintenance and production cuts. The combined impact has resulted in a MoM decline in the daily average HRC production schedule for July. Demand side, Q2 remains a domestic off-season, with muted downstream purchases and market transactions. Inventory pressure is expected to keep rising, and the supply-demand imbalance will gradually accumulate. HRC’s own supply-demand pattern offers limited support for prices. Overall, the supply-demand imbalance for HRC is gradually accumulating in July. Cost side, the difficulty for further short-term price increases intensifies. Considering that macro expectations and changes in external imbalances can provide limited stimulus to steel prices, short-term HRC prices are expected to continue consolidating near the bottom.

Common.Time.hoursAgo