[China Iron Ore Brief] Prices of Iron Ore Concentrates in Shandong Region May Rise

Published: Aug 31, 2026 16:38

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This week, mines and beneficiation plants in Shandong quoted 64% grade alkaline powder at 810 yuan ex-mine on a dry, pre-tax, acceptance basis, and steel mills raised prices in tandem. Most mines and beneficiation plants maintained normal production as planned; steel mills, especially those in Hebei, purchased actively, with small mills and traders shipping according to scheduled orders. Trading in the region was relatively active throughout the week, and miners held no excess inventory. Recently, iron ore futures have shown a strong trend, which may lift domestic concentrate prices.

This week, 64-grade alkaline concentrates from mines and beneficiation plants in Shandong were reported at 810 yuan ex-mine on a dry basis, before tax, with acceptance payment. Steel mills made similar increases. Mines and beneficiation plants mostly produced normally as planned. Steel mills were active in purchasing, especially those in Hebei, and small mills and traders shipped against scheduled orders. Transactions in the region were relatively active throughout the week, and miners had no surplus inventory. Recently, iron ore futures have been trending firm, which may drive domestic concentrate prices higher. Local iron ore concentrate prices are expected to have some room to rise in the short term. [SMM Steel]

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