[Domestic Iron Ore Brief Review] Ore Prices in Shandong Mines and Beneficiation Plants May Remain Volatile

Published: Dec 1, 2025 17:27

Save

[Domestic Iron Ore Brief: Ore Prices in Shandong Mines and Beneficiation Plants May Remain Volatile] This week, the mine-mouth price for 64%-grade alkaline powder in Shandong's mines and beneficiation plants was reported at 882 yuan per dry metric ton, up 11 yuan, with steel mills raising their prices in sync. Most miners maintained normal production, with virtually no inventory buildup. Steel mills primarily purchased under long-term agreements, while procurement in Hebei slowed down slightly. Sales at small plants were moderate.

This week in Shandong, the mine-mouth price for 64%-grade alkaline concentrates (dry basis, pre-tax, acceptance) was quoted at 882 yuan per tonne, up 11 yuan. Steel mills raised their prices simultaneously. Most miners maintained normal production with essentially no inventory accumulation. Steel mills primarily made purchases under long-term agreements, while procurement in Hebei slowed slightly. Sales from small plants were average. Overall ore supply in the local mining and beneficiation sector remained relatively tight. Local steel mills faced significant profit pressure. This week, individual steel mills are expected to implement maintenance plans, weakening support for local iron ore concentrate demand. The market is experiencing a short-term supply-demand slowdown. Overall, local iron ore concentrate prices are expected to remain volatile in the near 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