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

This week, the pre-tax, acceptance-based ex-mine price for 64%-grade alkaline concentrates in Shandong's mining enterprises was quoted at 871 yuan, up 13 yuan. Mines and beneficiation plants mostly maintained normal production as planned, selling output promptly with virtually no inventory accumulation. However, steel mills remained in a loss-making situation, and procurement remained relatively cautious. Overall market transactions improved compared to the previous period. Recently, iron ore futures have shown relatively strong performance, which may drive local iron ore concentrate prices and transactions. It is expected that local iron ore concentrate prices still have some room to rise in the short term. [SMM Steel]