[China Iron Ore Brief] Iron Ore Concentrates Prices in Tangshan Area May Show a Volatile Trend

Published: Jun 2, 2026 18:11

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[Brief Review of China's Domestic Ore Market] At the beginning of the week, the domestic ore market in Tangshan remained relatively stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-975 yuan/mt. The tight supply situation at local mines and beneficiation plants showed no significant improvement, with a relatively strong wait-and-see sentiment, and they were in no hurry to sell at prices below their psychological expectations. Steel mills were mostly producing normally as planned, but with recent contraction in steel mill profits, steel mills mostly purchased as needed.

At the beginning of the week, the Tangshan domestic ore market was relatively stable, with ex-factory prices of 66-grade iron ore concentrates (dry basis, tax-inclusive) at 970-975 yuan/mt. The tight supply situation at local mines and beneficiation plants had not seen significant improvement, with a relatively strong wait-and-see sentiment, and they were in no rush to sell at prices below their psychological expectations. Steel mills were mostly producing normally according to plan, but recent steel mill profit contraction led most steel mills to primarily purchase as needed. Overall willingness remained relatively strong, yet short-term market transactions were relatively stagnant. Overall, ex-factory prices of local iron ore concentrates are expected to fluctuate in the short term. [SMM Steel]

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