[Domestic Iron Ore Brief Commentary] Iron Ore Concentrate Prices in Shandong May Have Some Room to Rise

Published: Mar 9, 2026 18:06

Save

[Domestic Iron Ore Brief Commentary: Prices for Iron Ore Concentrates in Shandong May Have Some Room to Move Up] This week, in Shandong, mines and beneficiation plants quoted 845, up 17, for 64-grade alkaline concentrates on a dry basis, pre-tax, payable by acceptance, ex-mine. Mines and beneficiation plants were mostly operating normally, steel mills showed fairly strong purchasing interest, and market trading activity picked up; some supply began to flow to Hebei. Steel mills were mostly operating normally as planned, and purchasing interest improved recently. Coupled with the recent strength in iron ore futures, this provided support, driving

This week, in Shandong, mines and beneficiation plants quoted 845 for 64-grade concentrates (alkaline fines), dry basis, pre-tax, acceptance, ex-mine, up 17. Mines and beneficiation plants were currently mostly operating normally, steel mills showed relatively strong purchasing interest, and market trading activity increased somewhat; some resources began to flow to Hebei. Steel mills were currently mostly maintaining normal production as planned, and purchasing interest improved recently. Coupled with the recent strengthening of iron ore futures, which boosted confidence in the domestic iron ore market, local iron ore concentrates prices were expected to have some room to move higher 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.

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

4 hours ago

MMi Daily Iron Ore Report (March 9)

Iron ore prices showed an N-shaped rise today, with the main contract I2605 finally closing at 784.5 yuan per ton, up 2.28% from the previous session. Meanwhile, spot prices increased by 5-15 yuan compared to the previous trading day.

4 hours ago

5 hours ago

In March, the daily average hot-rolled production schedule at steel mills pulled back MoM

According to SMM’s latest tracking, the total planned volume of cold-rolled commercial products for this month across 31 mainstream cold-rolled coil steel mills was 4.073 million mt, up 257,500 mt from last month’s actual production of cold-rolled commercial products, an increase of 6.7%.

5 hours ago

[SMM Analysis] 2026 vs. 2025 Comparison of Key Words in the Government Work Report Is Here!

The Fourth Session of the 14th National People’s Congress opened at 9:00 a.m. on the morning of the 5th at the Great Hall of the People, where Premier Li Qiang of the State Council delivered the Government Work Report. Based on the relevant content of the Government Work Report, SMM compared the wording of certain core key words with that of 2025:

5 hours ago