[Brief Review of Domestic Iron Ore Market] Iron Ore Concentrates Prices in Shandong May Rise Slightly

 This week, the price of 64-grade alkaline powder (dry basis, pre-tax) from Shandong enterprises' mines increased by 3 yuan, with the current offer at 844 yuan. Most miners are operating normally, but many report poor sales performance. Some miners have accumulated inventories of 10,000-20,000 mt, facing certain sales pressure. Steel enterprises are operating with low inventory levels, maintaining inventories for 3-5 days. Due to the relatively high cost-effectiveness of imported ore, their purchase willingness for domestic ore is generally low, resulting in sluggish overall market transactions. Today, the market has heard that the Sino-US tariff negotiations are progressing smoothly, with significant reductions in mutual tariffs. The overall market reaction has been strong, with market confidence boosted, which may drive market transactions. It is expected that iron ore prices may rise slightly in the short term. [SMM Steel]