[China Iron Ore Brief] Shandong Iron Ore Concentrates Prices in the Doldrums

Published: Jun 22, 2026 17:58

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[China Iron Ore Brief] The EXW price of 64% grade iron ore concentrates in Shandong, on a dry basis and excluding tax, was cut by 5 yuan to 830 yuan/mt. Local mines and beneficiation plants are affected by safety inspections this month, resulting in a relative tightness of overall iron ore concentrate resources. However, imported iron ore spot prices have dropped significantly recently, weakening the cost-effectiveness of domestic iron ore. Steel mills are currently mainly purchasing as needed, and overall market transactions are moderate. The recent weakness in iron ore futures may affect the local domestic iron ore market.

The EXW dry-basis price excluding tax for 64% grade iron ore concentrates in Shandong region dropped by 5 yuan to 830 yuan/mt. Local mines and beneficiation plants were affected by monthly safety inspections, resulting in relatively tight overall iron ore concentrate resources. However, recently imported iron ore spot prices have fallen significantly, weakening the cost-effectiveness of domestic iron ore. Steel mills are currently mainly purchasing as needed, and overall market transactions are moderate. The recent weak trend of iron ore futures may affect the local domestic iron ore market. It is expected that in the short term, local iron ore concentrate prices will be in the doldrums. [SMM Steel]

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