[Domestic Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area May Show Volatile Movement

Published: May 12, 2026 17:56

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[Domestic Iron Ore Brief] The domestic ore market in the Tangshan area remained generally stable. Tender prices from local major mines increased slightly. The current delivery-to-factory price for 66-grade iron ore concentrates on a dry basis, tax included, was 995-1,000 yuan/mt. Sentiment at mines and beneficiation plants as well as beneficiation plants was notably firm on higher price expectations, with some unwilling to make shipments as costs were below their psychological expectations. Currently, steel mill profits have improved, and the cost-effectiveness of domestic iron ore concentrates has slightly improved, with overall market transactions showing improvement compared to the previous period. However, iron ore futures weakened today.

[SMM Daily Brief on China's Domestic Iron Ore]

The domestic ore market in Tangshan remained generally stable. The tender price of local major mines increased slightly. The current delivery-to-factory price of 66-grade iron ore concentrates (dry basis, tax included) was 995-1,000 yuan/mt. The sentiment among mines and beneficiation plants as well as concentrators to hold out for higher prices was quite evident, with some unwilling to make shipments as costs were below their psychological expectations. Currently, steel mill profits have improved, and the cost-effectiveness of domestic iron ore concentrates has slightly improved, with overall market transactions showing improvement compared to the previous period. However, iron ore futures weakened today, which may affect domestic ore prices. It is estimated that local iron ore concentrate prices are likely to fluctuate in the short term. [SMM Steel]

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