[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Western Liaoning May Fluctuate

Mar 21, 2025, at 8:51 am

[Domestic Iron Ore Brief: Prices of Fe66% Iron Ore Concentrates in Western Liaoning May Fluctuate] The domestic ore market in Western Liaoning operated steadily, with the ex-factory price for 66 grade iron ore concentrates (wet basis, tax excluded) quoted at 720-730 yuan/mt. Although ore futures showed weakness over the past two days and the purchasing enthusiasm from steel mills and feedstock yards has somewhat diminished, the supply remained tight, with scarce spot resources, providing some support to prices.

The domestic ore market in western Liaoning operated steadily, with 66% iron ore concentrates ex-factory wet basis excluding tax quoted at 720-730 yuan/mt. Although the ore futures showed obvious weakness in the past two days, and the purchasing enthusiasm of steel mills and feedyards has weakened, the supply remained tight, and spot resources were scarce, providing some support to prices. The overall sentiment to stand firm on quotes among mines and beneficiation plants was strong. Currently, the profit of steel mills has slightly improved, but they still mainly purchase as needed, showing a strong desire to bargain down prices. The game between sellers and buyers is quite evident, and it is expected that the local iron ore concentrate prices may fluctuate in the short term. [SMM Steel]

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[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Western Liaoning May Fluctuate

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