[China Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Show Volatile Trends

Published: Jun 1, 2026 17:13

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[China Iron Ore Brief Review] This week, the pre-tax ex-factory price of 64-grade alkaline concentrates (dry basis) at mines and beneficiation plants in Shandong was reported at 868, down 12. Local mines and beneficiation plants mostly maintained normal production as planned, but overall iron ore concentrates resources remained relatively tight. However, most miners had certain inventory levels and were able to maintain shipments, making it difficult for overall supply and demand to see significant changes. Steel mills were relatively cautious in their current procurement, mainly purchasing as needed, and overall market transactions were relatively sluggish. Recently, iron ore futures showed relatively volatile trends. Influenced by this, local iron ore concentrates prices are expected to

This week, the ex-factory price (dry basis, pre-tax) of 64-grade alkaline concentrates at mines and beneficiation plants in Shandong was 868, down 12. Local mines and beneficiation plants mostly maintained normal production as planned, but overall iron ore concentrates resources remained relatively tight. However, most miners had certain inventory levels and were able to sustain deliveries, making it difficult for overall supply and demand to see significant changes. Steel mills were relatively cautious in procurement, mainly purchasing as needed, and overall market transactions were relatively sluggish. Recently, iron ore futures showed relatively volatile trends. Influenced by this, local iron ore concentrates prices are expected to exhibit a volatile pattern in the short term. [SMM Steel]

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