[Domestic Iron Ore Brief Review] There May Be Some Room for Iron Ore Concentrates Prices to Rise in the Tangshan Region

SMM Daily Review of Domestic Iron Ore
At the beginning of the week, overall transactions of iron ore concentrates in Tangshan were relatively sluggish. As the Chinese New Year approaches, more beneficiation plants have halted production for maintenance. Those still in operation, facing high raw material costs, were generally unwilling to sell at low prices, with most quotations remaining firm. Intermediate traders, considering current inventory and cost issues, were cautious in purchasing. On the steel mill side, most mills were purchasing as needed, with their inventories at relatively low levels. Demand was weaker compared to the same period in previous years, and the market was in a state of weak supply and demand. Considering the relatively strong performance of iron ore futures today, it may boost local market transaction enthusiasm, and local iron ore concentrate prices may have some room for short-term upward movement. 【SMM Steel】