[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Have Some Upside Potential

Published: Mar 2, 2026 17:50

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[Domestic Iron Ore Brief: Shandong Region Iron Ore Concentrates Prices May Have Some Upside Potential] In the west Liaoning region, domestic iron ore prices remained relatively stable, with 66 grade iron ore concentrates wet basis ex-factory prices at 745-755 yuan/mt; feedback from local mines and beneficiation plants indicated that during the Two Sessions next week, there may be some restrictions on explosives, further exacerbating the overall tightness of iron ore concentrates resources. Demand side, local steel mills are currently operating according to plan

In Shandong, mines and beneficiation plants reported that the acceptance price before tax on a dry basis for 64-grade alkaline concentrates stood at 828 yuan, up by 11 yuan. After inspection, most local mines and beneficiation plants have resumed normal production, with a few set to officially resume production after the Lantern Festival, leading to some recovery in supply. Steel enterprises are mainly purchasing as usual, with inventories lasting about a week. However, the current inventory of imported ore at high levels is constraining ore prices. This week, expectations surrounding the Two Sessions and external news continue to have a certain driving effect on the iron ore futures, which is likely to boost local iron ore concentrate prices. It is estimated that there will be some room for local iron ore concentrate prices to rise. [SMM Steel]

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