[Domestic iron ore market brief: Prices of iron ore concentrates in the Tangshan region may continue to be in the doldrums] The domestic ore market in Tangshan has recently been in the doldrums. The delivery-to-factory prices for 66% grade dry-basis iron ore concentrates, including tax, range from 920 to 930 yuan/mt. Recently, the two major local steel mills have had low intake volumes, and their just-in-time procurement operations have supported suppliers' willingness to ship. Additionally, local mine prices have risen, and surrounding resources are tight with firm prices.

[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in West Liaoning May Fluctuate] The domestic ore market in west Liaoning has seen a slight upward trend. Currently, the ex-factory price (excluding tax) for 66% grade iron ore concentrates with a wet basis is 700-710 yuan/mt. Traders are concerned about the risk of price reductions by steel mills. Most traders without steel mill orders are adopting a wait-and-see approach, with some inquiries offering lower prices. However, mines and beneficiation plants currently show strong reluctance to budge on prices, refusing to sell below their psychological expectations.

[Domestic iron ore market brief: Iron ore concentrate prices in Tangshan region may rise slightly] At the beginning of the week, the domestic ore market in Tangshan saw a slight decline of 10-15 yuan/mt. The delivery-to-factory prices of 66% grade iron ore concentrates (dry basis, tax included) ranged from 920-930 yuan/mt. Overall market transactions in the local area were weak. Producers were concerned about steel mills driving down prices, and their enthusiasm for inquiries and purchases was insufficient. Most buyers did not engage in inquiry operations.