[Brief Review of Domestic Iron Ore] The Price of Iron Ore Concentrates in Shandong Region May Fluctuate Stably with a Weak Trend

Published: Mar 17, 2025 17:38

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Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Shandong Region May Fluctuate with a Stable and Weak Trend Iron ore concentrates with a grade of 64% (alkaline powder, dry basis, tax-exclusive, acceptance at mine) in the Shandong region are quoted at 868 yuan, up by 9 yuan. Most miners are primarily operating normally. According to feedback from local mines and beneficiation plants, some previously suspended mines and beneficiation plants may gradually resume normal production after the 20th of this month.

In the Shandong region, the pre-tax, dry basis, acceptance price for 64-grade alkaline iron ore concentrates at the mine-mouth is reported at 868 yuan, up by 9 yuan. Most miners are primarily maintaining normal production. According to feedback from local mines and beneficiation plants, some previously suspended operations may gradually resume normal production after the 20th of this month. Currently, most steel mills are purchasing as needed, with inventories generally maintained at around one week. Overall trading activity is moderate, and inventories at mines and beneficiation plants have slightly accumulated. For this week, steel mills' overall desire to bargain down prices remains strong, coupled with the downward fluctuation in iron ore futures market trends. It is expected that local iron ore concentrate prices may fluctuate downward in the short term. 【SMM Steel Mill】

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