[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in Shandong Region May Experience Volatile Fluctuations

In Shandong, the pre-tax, acceptance-paid price for 64-grade iron ore concentrates on a dry basis is 874 yuan, up 10 yuan. Most local miners are operating normally, with a few slightly increasing production. Steel mills' long-term contract purchases remain relatively stable. Currently, the cost-effectiveness of imported ore is significantly better than that of domestic ore, but this has not yet had a noticeable impact on the transaction of local domestic concentrates. Local steel mills mainly purchase as needed. However, considering the recent weak trend in iron ore futures, local iron ore concentrate prices may be affected. Overall, it is expected that in the short term, local iron ore concentrate prices may be in the doldrums.