Accordingly, the price for domestic iron ore concentrates dipped softly in some regions on September 30, such as the iron ore concentrate EXW price (wet basis) in Tangshan region was 1050-1060 yuan per t, down 10 yuan per t. However, the price in east China still remained stable. Meanwhile, during the given period, the imported iron ore market was also bland on aggregate.
Influenced by the price adjustment issued by part of domestic iron ore miners, the iron ore concentrate price in Shandong province has dropped regionally till October 8. Currently the iron ore miners, distributors and steelmakers have shown a gloomy outlook towards the future market, thus we propose that all of the market participants should be rational and prudent about their any decisions in the upcoming future.