[Brief Comment on Domestic Iron Ore Market] Iron ore concentrates prices in Shandong region may continue to fluctuate

Published: Aug 4, 2025 17:14

Save

[Domestic iron ore market brief: Iron ore concentrates prices in Shandong may continue to fluctuate] In Shandong, the reported price for 64% grade alkaline iron ore concentrates (dry basis, tax-exclusive, acceptance payment) from mines and beneficiation plants is RMB 824, down by RMB 24. Steel mills have also lowered their prices accordingly. Currently, most mines in the region are operating normally. Mines and beneficiation plants that underwent maintenance earlier have gradually resumed production in the past two days, resulting in a relatively stable supply. Steel mills in Hebei have slowed down their purchases from local sources.

In Shandong, the mine-mouth price of 64%-grade alkaline iron ore concentrates (dry basis, tax-excluded, acceptance payment) dropped by 24 yuan to 824 yuan. Steel mills simultaneously lowered their purchase prices. Currently, most mines maintain normal production, while previously idled mines and beneficiation plants gradually resumed operations in recent days, keeping supply relatively stable. In Hebei, local steel mills slowed down purchases from regional suppliers, though large mines face no inventory pressure. Most local steel mills currently adopt a purchasing-as-needed approach, with overall market transactions remaining relatively stable. Recently, iron ore futures showed volatile trends, and it is expected that local iron ore concentrate prices may continue fluctuating in the short term. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41