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

Published: Dec 22, 2025 17:22

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Shandong Region Expected to Edge Up] This week, mines and beneficiation plants in Shandong quoted 64-grade alkaline powder at 882 yuan per dry metric ton, ex-mine, pre-tax, and on an acceptance basis, up 8 yuan. Steel mills raised their prices in sync. Most mines and beneficiation plants maintained normal production as planned, selling output promptly. Steel mills primarily purchased under long-term agreements, and market transactions were moderate.

This week in Shandong, mines and beneficiation plants offered 64-grade alkaline iron ore concentrates at 882 yuan per dry metric ton, ex-mine, excluding tax, on an acceptance basis, up 8 yuan. Steel mills raised prices simultaneously. Most mines and beneficiation plants maintained normal production as planned, selling as they produced. Steel mills primarily purchased through long-term agreements, with moderate market transactions. This week, imported ore shipments remained high, and port inventory hit a new high for the year, putting pressure on ore prices. However, restocking expectations persisted, limiting significant price declines. Coupled with the recent strong performance of iron ore futures, local iron ore concentrate prices may rise.

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