[China Iron Ore Brief] Ore prices in Shandong will likely be in the doldrums.

Published: Jun 8, 2026 17:37

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[China Iron Ore Brief] The ex-factory price of 64% grade alkaline concentrates in Shandong, on a dry basis and before tax, was reported at 847, down 21. Most mines and beneficiation plants are producing as planned, with no significant reduction in overall supply. Some iron ore concentrates from local mines and beneficiation plants are flowing to Wu’an in Hebei Province. However, the cost-effectiveness of domestic iron ore concentrates has weakened recently, and steel mills’ purchasing enthusiasm is moderate, leading to a slight accumulation of inventory at miners and weakening overall market transactions compared to earlier periods. Recently, iron ore futures have been trending weaker, and domestic iron ore concentrates

In Shandong, the ex-factory price of 64% grade alkaline concentrates on a dry, pre-tax basis was reported at 847, down 21. Most mines and beneficiation plants are producing normally as planned, with no significant reduction in overall supply. Part of the iron ore concentrates from local mines and beneficiation plants are being shipped to Wu'an in Hebei, but recently the cost competitiveness of domestic iron ore concentrates has weakened, steel mills’ purchasing enthusiasm is mediocre, miners’ inventory has slightly accumulated, and overall market transactions have weakened compared to the earlier period. Recently, iron ore futures have been weak, and China's iron ore concentrates prices may be affected to some extent. Local iron ore concentrates prices may be in the doldrums. [SMM Steel]

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