The domestic ore market in eastern Liaoning remained generally stable. In recent days, the uptick in ore futures, coupled with cost support, has led to a notable sentiment for higher prices among mines and beneficiation plants. Sellers are reluctant to release cargoes below psychological expectations. However, the procurement prices offered by local leading steel mills are relatively low, and their affiliated trading suppliers have mostly suspended deliveries due to purchasing difficulties. For procurement prices from other steel mills, suppliers also have minimal profit margins. Market inquiries have remained scarce, resulting in relatively sluggish overall trading activity. The psychological tug-of-war between supply and demand parties is quite evident, and it is expected that local iron ore concentrate prices may exhibit volatile movements in the short term. [SMM Steel]
[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in East Liaoning may fluctuate
- Jul 11, 2025, at 5:10 pm
[Domestic Iron Ore Brief Commentary: Iron Ore Concentrates Prices in East Liaoning May Fluctuate] The domestic ore market in East Liaoning has remained generally stable. In the past two days, ore futures have risen, coupled with cost support, mines and beneficiation plants have shown a strong sentiment for higher prices and are reluctant to sell at prices below their psychological expectations. However, the procurement prices of leading local steel enterprises are relatively low. Due to difficulties in purchasing, many trade suppliers under these enterprises have stopped supplying. As for the procurement prices of other steel mills,
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