[China Iron Ore Brief Review] Domestic Concentrates Prices May Remain in the Doldrums Next Week
Domestic iron ore concentrates prices in China showed mixed performance this week. By region, prices edged down by 1-5 yuan/mt in Tangshan, Qian'an, and Qianxi in Hebei; were basically stable in Chaoyang, Beipiao, and Jianping in western Liaoning; and rose by 5-10 yuan/mt in east China. Looking ahead to next week, the cost-performance of domestically produced iron ore is expected to remain at a disadvantage, and the price spread between domestic and imported ore is expected to continue narrowing under steel mill regulation. On the supply side, the willingness to hold prices firm eased somewhat.