[China Iron Ore Brief] Iron Ore Concentrates Prices in Shandong Region May Show Volatile Trends

Published: Jun 1, 2026 17:13

Save

[China Iron Ore Brief Review] This week, the pre-tax ex-factory price of 64-grade alkaline concentrates (dry basis) at mines and beneficiation plants in Shandong was reported at 868, down 12. Local mines and beneficiation plants mostly maintained normal production as planned, but overall iron ore concentrates resources remained relatively tight. However, most miners had certain inventory levels and were able to maintain shipments, making it difficult for overall supply and demand to see significant changes. Steel mills were relatively cautious in their current procurement, mainly purchasing as needed, and overall market transactions were relatively sluggish. Recently, iron ore futures showed relatively volatile trends. Influenced by this, local iron ore concentrates prices are expected to

This week, the ex-factory price (dry basis, pre-tax) of 64-grade alkaline concentrates at mines and beneficiation plants in Shandong was 868, down 12. Local mines and beneficiation plants mostly maintained normal production as planned, but overall iron ore concentrates resources remained relatively tight. However, most miners had certain inventory levels and were able to sustain deliveries, making it difficult for overall supply and demand to see significant changes. Steel mills were relatively cautious in procurement, mainly purchasing as needed, and overall market transactions were relatively sluggish. Recently, iron ore futures showed relatively volatile trends. Influenced by this, local iron ore concentrates prices are expected to exhibit a volatile pattern 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

6 mins ago

MMi Daily Iron Ore Report (June 1)

The DCE iron ore futures moved sideways today, with the most-traded contract I2609 closing at 781 yuan/mt, down 0.19% from the previous trading session. Port spot prices edged down 0-3 yuan from the previous day.

6 mins ago

11 mins ago

6.1 SMM Global Steel Daily Report

SMM News Flash: [HRC] Today, the HRC export price increased slightly by 2-3 USD/tonne compared to the previous day, with the transaction price ranging from 500 to 508 USD/tonne. Although the market has shown some signs of recovery recently, the actual market transaction situation has not improved accordingly. Last week, the actual transaction price of large northern mills remained at 520 USD/tonne or higher, [Vietnam] Hoa Phat Steel announced its latest ex-works list prices for domestic sales HRC with July 2026 delivery. SAE1006/SS400 grades were quoted at 15,360 VND/kg for the northern and central regions and 15,390 VND/kg for the southern region (all excluding VAT), equivalent to approximately 604 – 606USD/tonne, down 13 USD/tonne MoM.

11 mins ago

54 mins ago

[SMM Sheets & Plates Daily Review] Costs Still Provided Support, Prices Expected to Follow a Fluctuating Trend

54 mins ago