【Domestic Iron Ore Brief Review】May Day Restocking Drives Potential Price Increase for Iron Ore Concentrates in Tangshan Region

In the Tangshan region, the price of iron ore concentrates remained relatively stable, with the delivery-to-factory price for 66-grade dry basis including tax at 940-950 yuan/mt. Local mines and beneficiation plants maintained firm asking prices, supported by the high cost of local spot cargo. Additionally, the limited resources from low-titanium areas in eastern Liaoning, low-grade high-titanium areas in western Liaoning, Chengde, and Qinglong regions flowing into Tangshan contributed to the tight supply of iron ore concentrates, providing some support to ore prices. On the steel mill side, with the approaching Labour Day holiday, there is an expectation of restocking, which may drive local market demand in the short term. Coupled with the recent strong performance of the iron ore futures market, this could further boost the transaction prices of local iron ore concentrates. 【SMM Steel】