[Domestic Iron Ore Brief Review] Prices of Iron Ore Concentrates in the Tangshan Region May Operate Stable with a Weak Trend

Recently, the iron ore concentrates market in Tangshan has continued to fluctuate downward. The delivery-to-factory price for 66-grade dry basis with tax is 970-975 yuan/mt. The restocking of domestic iron ore concentrates by major local steel mills has basically concluded, and the overall desire to bargain down prices remains strong. Some producers, concerned about the market outlook, are primarily focused on selling. On the mines and beneficiation plants side, as the Chinese New Year approaches, the overall willingness to sell is moderate due to cash flow considerations, making it difficult for current market prices to find support. Coupled with the recent high-level fluctuations in iron ore futures, local iron ore concentrate prices are expected to remain stable with a weak trend in the short term. 【SMM Steel】