The domestic ore market in western Liaoning edged up slightly, with current ex-factory prices for 66%-grade wet-base ore (excluding tax) at 700-710 yuan/mt. Traders remained cautious due to concerns over potential price cuts by steel mills, with most adopting a wait-and-see approach unless holding mill orders. A few inquiries emerged with lower offers, but mines and beneficiation plants showed strong reluctance to budge on prices, refusing to sell below their psychological expectations. Overall market transactions remained sluggish. Steel mills maintained a strong desire to bargain down prices, compounded by recent volatile trends in the iron ore futures market. SMM Steel expects local iron ore concentrate prices to fluctuate in the short term. [SMM Steel]
[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in west Liaoning may fluctuate
- Jul 30, 2025, at 4:52 pm
[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in West Liaoning May Fluctuate] The domestic ore market in west Liaoning has seen a slight upward trend. Currently, the ex-factory price (excluding tax) for 66% grade iron ore concentrates with a wet basis is 700-710 yuan/mt. Traders are concerned about the risk of price reductions by steel mills. Most traders without steel mill orders are adopting a wait-and-see approach, with some inquiries offering lower prices. However, mines and beneficiation plants currently show strong reluctance to budge on prices, refusing to sell below their psychological expectations.
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