This week, mines and beneficiation plants in Shandong reported an ex-mine price of 777 yuan/ton (dry basis, before tax, acceptance) for 64% grade alkaline iron ore concentrates, holding steady compared to the previous period. Most mines and beneficiation plants maintained normal production. Following concentrated price cuts in the previous period, the purchasing enthusiasm of local steel mills improved somewhat. While large mines produced and sold as they went, their previous inventory levels also declined, with overall market transactions being moderate recently. Looking at this week: first, the cost-effectiveness of domestically produced iron ore has improved compared to the previous period; furthermore, the current iron ore futures market still has upward momentum, which may drive the domestic iron ore concentrates market. Considering all factors, it is expected that local domestically produced iron ore concentrates prices still have some room for upward movement. [SMM Steel]
[Brief Comment on Domestic Iron Ore Market] Iron ore concentrates prices in Shandong may have some room for upward adjustment
- Jun 30, 2025, at 4:59 pm
[Domestic iron ore brief review: Prices of iron ore concentrates in Shandong may have some upside potential] This week, the dry-basis, pre-tax, acceptance-based ex-mine price for 64% grade alkaline iron ore concentrates from mines and beneficiation plants in the Shandong region was reported at 777, remaining stable compared to the previous period. Most mines and beneficiation plants are operating normally. With the previous concentrated price reductions, the enthusiasm of local steel mills for purchasing has improved somewhat. While large mines sell as they produce, their previous inventories have also declined, and overall market transactions have been moderate in recent times. Looking at this week, firstly, the cost-effectiveness of domestically produced iron ore in the local area has improved compared to the previous period. Secondly, the current futures market for iron ore still has upward momentum.
