[China Iron Ore Brief] Influenced by External Prices, Iron Ore Prices in Tangshan Area May Continue to Be in the Doldrums

Published: May 21, 2026 17:35

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[Domestic Ore Market Brief] Iron ore concentrates prices in the Tangshan area were lowered by 5-10 yuan at the beginning of the week, and current prices have been relatively stable, with the delivery-to-factory price of 66-grade iron ore concentrates at 970-980 yuan/mt on a dry basis, tax included. Recently, steel mill profits have contracted, and steel mills have mostly been purchasing domestic ore as needed. Ore supply at mines and beneficiation plants remains tight overall. In the Chengde area, mines and beneficiation plants have seen overall production and supply contract due to permit issues, driving a weakening of resource circulation in the broader regional market.

Iron ore concentrates prices in the Tangshan area were lowered by 5-10 yuan at the beginning of the week, and current prices have been relatively stable, with 66-grade iron ore concentrates at a delivery-to-factory price of 970-980 yuan/mt on a dry basis, tax included. Recently, steel mill profits have contracted, and steel mills have mostly been purchasing as needed for domestic ore. Resources at mines and beneficiation plants remain tight overall. In the Chengde area, mines and beneficiation plants have seen overall production and supply contract due to permit issues, which has weakened resource circulation in the broader regional market. Mines and beneficiation plants have a relatively strong willingness to hold prices firm, overall market transactions have been relatively sluggish, and the standoff mentality has been relatively evident. However, iron ore futures have recently been in the doldrums, which may affect local market transaction prices. It is estimated that in the short term, the overall iron ore concentrates market may exhibit a weak and range-bound trend. [SMM Steel]

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