[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Edge Up Slightly

This week, the pre-tax acceptance price for 64-grade alkaline powder on a dry basis from mines and beneficiation plants in Shandong region was 865, down by 3. Steel mills also lowered their prices synchronously. Miners mostly maintained normal production, and steel mills continued to purchase at a regular pace, with a relatively stable rhythm. The inventory of miners saw a small accumulation, but the pressure was relatively small. Small factories found it difficult to source raw materials, and sales were average. Overall, market transactions remained relatively stable. Today, the iron ore futures market fluctuated upward, which may stimulate the domestic iron ore concentrates market. It is expected that local iron ore concentrates prices will slightly increase. [SMM Steel]