In Shandong, the mine-mouth price for 64-grade alkaline iron ore concentrates (dry basis, tax excluded, acceptance payment) was quoted at 777 yuan/mt, down by 13 yuan/mt. Steel mills adjusted prices accordingly, while most miners maintained normal production. With current sales promotions, most miners could sustain a production-to-sales balance, with early-stage inventories reduced to around 10,000 mt, easing inventory pressure. However, the cost-performance ratio of domestic iron ore concentrates remains weak, with limited flows to Hebei. Steel mills continued low-inventory operations, maintaining stable long-term contract purchases, while overall procurement remained primarily as needed. Considering the recent rangebound fluctuations in iron ore futures, local iron ore concentrate prices are expected to remain rangebound in the short term. [SMM Iron Ore]
[Brief Review of Domestic Iron Ore Market] Iron Ore Concentrates Prices in Shandong Region May Fluctuate
- Jun 23, 2025, at 5:04 pm
[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Shandong Region May Fluctuate] In Shandong, the ex-mine price of 64% grade alkaline iron ore concentrates (dry basis, before tax, acceptance) reported by local mines and beneficiation plants is 777 yuan/mt, down 13 yuan/mt. Steelmakers have also lowered their prices accordingly. Most miners are operating normally and, under the current sales promotions, are generally able to maintain a balance between production and sales. The inventory of most miners has decreased to around 10,000 mt in the early stage, reducing inventory pressure. However, the cost-effectiveness of domestic iron ore concentrates remains relatively weak at present.
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