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

Published: Nov 24, 2025 17:10

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Shandong May Edge Up] This week, Shandong-based mining enterprises reported prices for 64-grade alkaline powder on a dry basis, excluding taxes, at 871, up by 13. Mines and beneficiation plants largely maintained normal production as planned, selling output promptly with minimal inventory accumulation. However, steel mills remained in a loss-making situation and continued to adopt a relatively cautious approach to procurement.

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]

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.

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