Domestic Iron Ore Prices in Shandong Region Show Stable Fluctuation with Weak Trend

Domestic Iron Ore Brief Review: Prices of Iron Ore Concentrates in Shandong Region May Fluctuate in a Stable With a Weak Trend

This week, the price of 64-grade alkaline iron ore concentrates (dry basis, excluding tax) from mines and beneficiation plants in the Shandong region increased by 13 yuan, now at 902 yuan/mt. Most mining enterprises operated normally, with supply returning to pre-holiday levels and no inventory accumulation. Steel mills were active in purchasing, with inventories generally maintained at 4-7 days, and long-term contract purchases remained relatively stable.