Liaoning Huanren Mining restarts iron ore fine production
2023-03-21 08:18:38 [Print]
BEIJING (Asian Metal) 21 Mar 23 - As the major producer of iron ore fines in Benxi, Liaoning province, Liaoning Huanren Mining Co. (Liaoning Huanren Mining), restarted the production on March 14th and might produce about 20,000t of iron ore fines this month.
"We resumed the production last Tuesday after the suspension on March 3rd," disclosed a source of the company, adding that they would produce about 20,000t of iron ore fines in March, down by about 7,000t MoM. According to him, they still have zero stock in hand now, unchanged from last month.
Based on the average grade of crude iron ore of 29%min in the mines and the processing capacity of ore of about 2,600tpd in the concentrator, the company produces iron ore fines 66%min. With an annual production capacity of around 400,000t, it recorded an output of about 260,000t of iron ore fines in 2022 and produced around 31,000t in the first two months of this year.
The mainstream prices of iron ore fines 66%min stand at RMB980/dt (USD142/dt) Inc-VAT EXW D/P in Benxi at present, up by RMB20/dt (USD3/dt) compared with those of last week. Insiders predict that Chinese origin iron ore prices would go down in the coming week because of the price decrease of imported iron ore at ports and in international market.
"We resumed the production last Tuesday after the suspension on March 3rd," disclosed a source of the company, adding that they would produce about 20,000t of iron ore fines in March, down by about 7,000t MoM. According to him, they still have zero stock in hand now, unchanged from last month.
Based on the average grade of crude iron ore of 29%min in the mines and the processing capacity of ore of about 2,600tpd in the concentrator, the company produces iron ore fines 66%min. With an annual production capacity of around 400,000t, it recorded an output of about 260,000t of iron ore fines in 2022 and produced around 31,000t in the first two months of this year.
The mainstream prices of iron ore fines 66%min stand at RMB980/dt (USD142/dt) Inc-VAT EXW D/P in Benxi at present, up by RMB20/dt (USD3/dt) compared with those of last week. Insiders predict that Chinese origin iron ore prices would go down in the coming week because of the price decrease of imported iron ore at ports and in international market.
