Shandong Iron Ore Concentrates Prices May Stay High with Minor Fluctuations

Domestic Iron Ore Brief Review: Shandong Region Iron Ore Concentrates Prices May Fluctuate at High Levels

This week, the ex-mine price of 64-grade alkaline iron ore concentrates (dry basis, tax excluded, acceptance) from leading mines and beneficiation plants in Shandong was reported at 892 yuan/mt, up by 3 yuan/mt. Most local mines and beneficiation plants, except those in Linyi, maintained normal production, selling as they produce, with no inventory pressure. Steel mills operated with low inventories and have not yet started large-scale winter stockpiling.