According to SMM, the mainstream iron ore powder price in Shandong has

Published: Sep 18, 2023 17:16

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According to SMM, the mainstream iron ore powder price in Shandong has been increased by 34 yuan/ton. Now, Luzhong 64 grade alkaline powder dry base ex-factory price without tax is 1017 yuan/ton. The dominant mine has resumed normal production and started to sell resources externally, but other steel mills are still under pressure for purchasing. The price in Zaozhuang area has remained high, and traders are not very active in purchasing, only a small amount of purchase with individual orders, almost no transactions. Generally speaking, the tight resource situation still exists, and steel mills have rigid demand for iron powder under no maintenance condition. However, considering that the local ore selection price has already approached the annual high recently, and the external market trend is volatile, it is expected that the local price will be in a volatile situation this week.

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