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

Published: Jun 29, 2026 17:42

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[Domestic Iron Ore Brief Review] This week, domestic iron ore concentrate prices edged down. By region, prices in Tangshan, Qian'an, Qianxi, and other areas in Hebei were relatively stable; in western Liaoning, Chaoyang, Beipiao, Jianping, and other places, prices dropped by 1-5 yuan/mt; and East China fell 1-5 yuan/mt. This week, most mines and beneficiation plants operated normally as planned, with the overall ore supply remaining tight. On the demand side, steel mills and traders maintained purchasing as needed.

For mines and beneficiation plants in Shandong, 64% Fe alkaline concentrates on a dry basis, tax exclusive, were at 814 yuan/dmt, down 16 yuan. Steel mills lowered their purchase prices accordingly. Miners mostly maintained normal production. Domestic concentrates’ overall cost-effectiveness remained weak, and market transactions were relatively sluggish. In the Linyi area, large mine production was still unstable, with some resources flowing to Hebei. However, affected by shrinking steel mill profits, steel mills mostly purchased as needed. Overall, local iron ore concentrate resources are relatively tight, providing some support to prices. But recently, iron ore futures have been relatively weak, and it is expected that local iron ore concentrate prices will likely consolidate in a weak range in the short term. [SMM Steel]

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