[China Iron Ore Brief] Iron Ore Concentrates Prices in Shandong May Consolidate

Published: Aug 10, 2026 18:09

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Last week, the mine-mouth price of 64% grade alkaline powder on dry basis tax-included acceptance reported by Shandong miners was 788 yuan, down 14 yuan; steel mills made corresponding reductions; miners mostly maintained normal production, steel mills were quite active in purchasing, most miners had no inventory, and shipments from small plants and traders also improved. Looking at this week, ample supply of imported ore constrained ore prices; in the Linyi market, some miners signed weekly contracts at the beginning of the week, and traders were active in purchasing.

[SMM China Ore Brief Review]
This week, mine-mouth offers for 64% grade alkaline powder on a dry basis, pre-tax, acceptance basis from Shandong miners stood at 788, down 14. Steel mills lowered prices in tandem. Most miners maintained normal production, while steel mills were relatively active in purchasing. Most miners had no inventory, and small plants and traders also saw improving shipments. Looking at this week, abundant imported ore supply constrained ore prices; in the Linyi market, some miners signed weekly contracts at the beginning of the week. Traders were active in purchasing. Overall regional resources remained relatively tight, providing strong support to prices. It is estimated that local iron ore concentrate prices may consolidate in the short term. [SMM Steel]

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