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

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】