[Domestic Iron Ore Brief Commentary] Iron Ore Concentrate Prices in Shandong May Have Some Room to Rise

Published: Mar 9, 2026 18:06

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[Domestic Iron Ore Brief Commentary: Prices for Iron Ore Concentrates in Shandong May Have Some Room to Move Up] This week, in Shandong, mines and beneficiation plants quoted 845, up 17, for 64-grade alkaline concentrates on a dry basis, pre-tax, payable by acceptance, ex-mine. Mines and beneficiation plants were mostly operating normally, steel mills showed fairly strong purchasing interest, and market trading activity picked up; some supply began to flow to Hebei. Steel mills were mostly operating normally as planned, and purchasing interest improved recently. Coupled with the recent strength in iron ore futures, this provided support, driving

This week, in Shandong, mines and beneficiation plants quoted 845 for 64-grade concentrates (alkaline fines), dry basis, pre-tax, acceptance, ex-mine, up 17. Mines and beneficiation plants were currently mostly operating normally, steel mills showed relatively strong purchasing interest, and market trading activity increased somewhat; some resources began to flow to Hebei. Steel mills were currently mostly maintaining normal production as planned, and purchasing interest improved recently. Coupled with the recent strengthening of iron ore futures, which boosted confidence in the domestic iron ore market, local iron ore concentrates prices were expected to have some room to move higher in the short term. [SMM Steel]

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