[Domestic Iron Ore Brief Review] The Price of Iron Ore Concentrates in Tangshan May Fluctuate Stably with a Weak Trend in the Near Future

At the beginning of the week, the iron ore concentrates market in Tangshan was sluggish, with local leading steel mills showing a strong desire to bargain down prices. The delivery-to-factory price for 66-grade dry basis iron ore concentrates, including tax, was 960-970 yuan/mt. Local production levels remained relatively low. With the Two Sessions approaching, no relevant restrictions on explosives have been reported locally, and most mines and beneficiation plants are operating normally. However, overall sentiment was cautious, and the willingness to sell below psychological expectations was weak. Currently, local steel mills are operating at break-even levels, and domestic ore demand is mainly driven by purchasing as needed. Considering the recent fluctuating trend in iron ore futures, local iron ore concentrate prices are expected to remain stable with a weak trend in the short term. [SMM Steel]