[China Iron Ore Brief] Iron Ore Concentrates Prices in West Liaoning May Remain in the Doldrums

Published: Apr 28, 2026 17:54

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[Domestic Iron Ore Brief Review] Prices in the western Liaoning domestic ore market remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates on a wet basis and tax-exclusive at 735-740 yuan/mt. Market transactions continued to be weak. Affected by inspections, local raw material ore was in undersupply, and some producers found it difficult to resume production. Meanwhile, operating producers, supported by strong costs, were reluctant to make shipments at low prices. However, traders were cautious in purchase, with limited purchase willingness.

[SMM Domestic Ore Brief]
Domestic ore market prices in western Liaoning remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates (wet basis, tax-exclusive) at 735-740 yuan/mt. Market transactions continued to be weak. Affected by inspections, local raw material ore was in undersupply, and some producers had difficulty resuming production. Operating producers, supported by strong costs, refused to make shipments at low prices. However, traders were cautious in purchases with limited purchase willingness, and overall market transactions were relatively sluggish. Iron ore futures weakened slightly today, which may undermine confidence in domestic ore prices. In the short term, local iron ore concentrates prices are expected to remain in the doldrums. [SMM Steel]

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