[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in Shandong May Remain in the Doldrums with Fluctuations

Published: Feb 2, 2026 17:19

Save

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Shandong May Fluctuate in the Doldrums] In Shandong, mines and beneficiation plants quoted 64-grade alkaline powder at 868 (down 6) on a dry basis, pre-tax, and acceptance basis. Steel mills simultaneously lowered prices, while most miners maintained normal production, operating with virtually no inventory. In Hebei, steel mills showed good purchasing enthusiasm, with local mills having largely completed stockpiling. Restocking for imported ore is currently underway; maintaining routine purchases before the holiday is sufficient, overall market conditions are...

In Shandong, the mine-mouth price for 64%-grade alkaline iron ore concentrates (dry basis, pre-tax, acceptance payment terms) was quoted at 868 yuan per tonne, down 6 yuan. Steel mills simultaneously lowered prices. Most miners maintained normal production, operating with virtually no inventory. In Hebei, steel mills showed good purchasing enthusiasm. Local steel mills have largely completed stockpiling, and restocking of imported ore is underway. Pre-holiday routine procurement is sufficient. Overall market transactions improved compared to the previous period. However, iron ore futures fluctuated downward today, and steel mills' overall desire to push for lower prices remained relatively strong. In the short term, local iron ore concentrate prices are expected to remain in the doldrums with fluctuations. [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

5 mins ago

Cost Advantages and Demand Support Drove Stainless Steel Scrap Prices Higher [SMM Stainless Steel Scrap Market Weekly Review]

5 mins ago

10 mins ago

Data: SHFE, DCE market movement (Mar 13)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 13 Mar , 2026

10 mins ago

1 hour ago

[SMM Stainless Steel Daily Review] SS Futures Struggled to Break Out of Rangebound Trading, While Spot Prices Held Steady Amid Active Shipments

[SMM Stainless Steel Daily Review] SS Futures Struggled to Break Out of Rangebound Trading, Spot Market Held Prices Steady While Actively Shipping SMM News, March 13: SS futures remained in the doldrums. However, after opening higher in the night session, SS fluctuated downward, with the pace of pullback accelerating further in the afternoon, and closed at 14,190 yuan/mt. In the spot market, affected by fluctuations in futures, quotations were largely stable, with limited changes during the week. Although the recovery in downstream demand and cargo pick-up of previous orders provided support, and stainless steel social inventory stopped rising and pulled back this week, market expectations remained mediocre, with merchants mainly holding prices steady while actively making shipments. The most-traded SS futures contract fluctuated stronger. As of 10:15 a.m., SS2605 stood at 14,275 yuan/mt, down 15 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 245-445 yuan/mt. In the spot market, cold-rolled 201/2B coils in Wuxi were all basically stable; for cold-rolled trimmed 304/2B coils, the average prices in both Wuxi and Foshan were basically stable; cold-rolled 316L/2B coils in Wuxi were basically stable; hot-rolled 316L/NO.1 coils were quoted basically stable in Wuxi; and cold-rolled 430/2B coils in both Wuxi and Foshan were basically stable. Entering the traditional peak consumption season of “Golden March and Silver April,” the stainless steel market ushered in a window for demand recovery, with downstream end-users gradually recovering and inquiry and purchase activity having picked up notably recently. However, stainless steel spot prices overall remained basically stable, with no obvious fluctuations. End-user procurement mainly followed rigid demand, and a full-scale peak-season boom had yet to emerge, while wait-and-see sentiment still lingered in the market. On the futures side, affected by Yi...

1 hour ago