[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area Likely to Remain in the Doldrums

Published: May 19, 2026 17:43

Save

[Domestic Iron Ore Brief Review] The domestic ore market in the Tangshan area weakened slightly. The delivery-to-factory price, tax included, for 66-grade dry-basis iron ore concentrates was lowered by 5 yuan, currently quoted at 985-990 yuan/mt. Steel mills recently saw profit margins shrink, with a relatively strong desire to bargain down prices for domestic ore overall, mostly purchasing as needed. On the supply side, local iron ore concentrates resources were relatively tight overall, with a relatively strong desire to hold prices firm, and overall market transactions were relatively sluggish. In addition, iron ore futures recently trended weaker.

The domestic ore market in Tangshan weakened slightly. The delivery-to-factory price of 66-grade iron ore concentrates (dry basis, tax included) was cut by 5 yuan, now quoted at 985-990 yuan/mt. Steel mills have seen profit margins shrink recently, strengthening their overall desire to bargain down prices for domestic ore, with most purchasing as needed. On the supply side, local iron ore concentrates resources remained relatively tight, and the overall desire to hold prices firm was relatively strong, leaving overall market transactions relatively sluggish. Combined with the recent weakness in iron ore futures, this may exert downward pressure on local iron ore concentrates prices. Overall, local iron ore concentrates prices are expected to remain in the doldrums in the short term. [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

25 mins ago

[SMM Analysis] SMM's Interpretation of the "Implementation Measures for Capacity Replacement in the Steel Industry"

On May 18, the Ministry of Industry and Information Technology released the "Implementation Measures for Capacity Replacement in the Steel Industry" (hereinafter referred to as the "Replacement Measures"). SMM conducted a comparative review and analysis of the relevant content...

25 mins ago

1 hour ago

MMi Daily Iron Ore Report (May 19)

Today iron ore futures trended weaker the most-traded contract I2609 closed at 798.5 yuan/mt, down 0.87% from the previous trading session. Port spot prices changed 0-3 yuan from the previous day. Traders showed moderate enthusiasm in offering quotes; steel mills had strong wait-and-see sentiment with few inquiries; overall spot market transactions were sluggish.

1 hour ago

5.19 SMM Global Steel Daily Report

Indonesia's HRC exports to Southeast Asia remain active, mainly driven by its price competitiveness, with export FOB offers edging down to 565 USD/tonne. According to SMM research, recent transactions of Indonesian HRC to the Vietnamese market have been concluded at around 585 USD/tonne CFR.

1 hour ago