[China Iron Ore Brief] Shandong Region Iron Ore Prices May Consolidate on a Subdued Note

Published: Jul 13, 2026 17:40

Save

This week, the dry basis pre-tax quotation for 64%-Fe alkaline concentrates in Shandong rose by 1 yuan to 818 yuan, with steel mills raising prices in tandem. Large miners mostly sold at stable prices, while some miners might suspend production to accumulate ROM ore. Safety inspections were conducted in the region, and shipments were largely against orders. Steel mills purchased mainly on demand, while shipments from small plants and traders were average and market transactions were mediocre. On the imported ore front, overall iron ore prices consolidated on a subdued note, which is expected to have a certain impact on the local iron ore market. Overall, local iron ore concentrate prices are expected to consolidate on a subdued note 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 for 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

Aug 7, 2026 18:45

[SMM Steel Import and Export Analysis] Export Order Taking Improved in July, Will Steel Exports Rebound in August?

Aug 7, 2026 18:45

Aug 7, 2026 18:13

8.7 SMM Global Steel Daily Report

On August 7 China's steel export prices were mostly steady with flat products extending gains. Some flat-product export prices rose 1 USD/tonne day on day, with HRC transactions at 482-485 USD/tonne; Chinese futures rose for successive sessions in the second half of the week and export FOB prices followed, but traders reported limited actual business after the increase, while at the mill end some traders were buying against earlier orders. Billet export FOB prices were steady, with Jiangyin port offers at 450-455 USD/tonne; offers are largely referenced to the rebar futures basis, overseas enquiries are limited and competition is fierce, with only some exporters covering earlier short billet positions. Rebar export offers at Tianjin port were steady with transactions at 474-480 USD/tonne, as overseas enquiries were unremarkable, wait-and-see sentiment prevailed and domestic traders found exporting difficult.

Aug 7, 2026 18:13

Aug 7, 2026 18:10

MMi Daily Iron Ore Report (August 7)

Today, the DCE iron ore futures moved steadily today. The most-traded DCE I2609 contract closed at 716.5 yuan/mt, up 0.35% from the previous session. Spot prices at Qingdao Port averaged a decline of about 0–2 yuan/mt from the previous trading day.

Aug 7, 2026 18:10