[Domestic Iron Ore Brief] Iron ore concentrates prices in Shandong are expected to consolidate on a subdued note

Published: Oct 12, 2026 18:03 (GMT+8)

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Shandong mines and beneficiation plants quoted 64-grade alkaline powder, dry basis, pre-tax, acceptance, ex-mine at 759 yuan, down 12 yuan WoW. Steel mills lowered prices in tandem. After the holiday, steel mill purchases returned to a normal pace, some miners saw shipments slow down, and some continued to fulfill long-term contract orders with no inventory pressure. Overall, the market was relatively stable; mines and beneficiation plants were affected by lower imported ore prices.

Shandong mines and beneficiation plants quoted 64-grade alkaline powder at 759 yuan on a dry basis, before tax, with acceptance payment, ex-mine, down 12 yuan WoW. Steel mills lowered prices in tandem. After the holiday, steel mills returned to their regular purchase pace, while some miners slowed shipments. Some continued to fulfill long-term contract orders with no inventory pressure, keeping the overall market relatively stable. Affected by lower imported ore prices, local prices at mines and beneficiation plants found it difficult to rise. Large mines in the Linyi area may continue to cut prices in the near term, and local iron ore concentrate prices are expected to consolidate on a subdued note in the short term. [SMM Steel]

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