[Domestic Iron Ore Brief Review] Prices of Iron Ore Concentrates in the Tangshan Region Operated in a Stable Manner with a Weak Trend.

The recent market transactions for iron ore concentrates in Tangshan have been relatively sluggish. The delivery-to-factory price of local Fe66% iron ore concentrates on a dry basis, including tax, is 960-970 yuan/mt. Producers are adopting a wait-and-see sentiment, traders are cautious in purchasing, and some are offering lower prices. Meanwhile, there are very few beneficiation operations, and under the support of costs and inventory, holders of spot cargo are reluctant to sell at low prices, leading to a noticeable market stalemate. Currently, the Two Sessions are underway, and some local steel mills have received environmental protection-driven production restriction notices. Local procurement of iron ore concentrates is mainly based on purchasing as needed, weakening the demand support for iron ore concentrates. Considering the recent weak trend in the iron ore futures market, it is expected that local iron ore concentrate prices may operate in a stable with a weak trend and fluctuate. 【SMM Steel】