Shanxi Licheng Powder Metallurgy to reduce iron ore fine output
2023-04-11 08:25:58 [Print]
BEIJING (Asian Metal) 11 Apr 23 - Shanxi Licheng Powder Metallurgy Co. (Shanxi Licheng Powder Metallurgy), the major producer of iron ore fines in Changzhi, Shanxi province, would cut the production by about 5,000t month on month to around 60,000t in April.
"We plan to reduce the output from around 65,000t in March to about 60,000t this month because of the decreased supply of crude iron ore," said a source of the company. Besides, they still have zero stock in hand now, the same as last month.
Based on the average grade of crude iron ore of 27% in the mines and the daily processing capacity of ore of about 7,700t in the concentrator, Shanxi Licheng Powder Metallurgy produces iron ore fines 66%min. With an annual production capacity of about 800,000t, it produced about 700,000t of iron ore fines in 2022 and around 160,000t in the first quarter of this year.
The mainstream prices of iron ore fines 66%min hovered at RMB1,150/dt (USD167/dt) Inc-VAT EXW D/P in Changzhi last week. Insiders predict that Chinese origin iron ore prices might rise in the coming week because of the price increase of imported iron ore at ports and in international market.
"We plan to reduce the output from around 65,000t in March to about 60,000t this month because of the decreased supply of crude iron ore," said a source of the company. Besides, they still have zero stock in hand now, the same as last month.
Based on the average grade of crude iron ore of 27% in the mines and the daily processing capacity of ore of about 7,700t in the concentrator, Shanxi Licheng Powder Metallurgy produces iron ore fines 66%min. With an annual production capacity of about 800,000t, it produced about 700,000t of iron ore fines in 2022 and around 160,000t in the first quarter of this year.
The mainstream prices of iron ore fines 66%min hovered at RMB1,150/dt (USD167/dt) Inc-VAT EXW D/P in Changzhi last week. Insiders predict that Chinese origin iron ore prices might rise in the coming week because of the price increase of imported iron ore at ports and in international market.
