According to SMM research, the price of domestic iron ore powder marke

Published: Sep 12, 2023 15:50

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According to SMM research, the price of domestic iron ore powder market in Tangshan at the beginning of the week on September 12th was generally stable. Steel mills have not yet set prices, traders mainly execute previous orders, and some traders have less replenishment operations. The inquiry quotation is lower than the expected beneficiation profit, and the enthusiasm for production increase is low. It is understood that some of the five mines in Tangshan that have resumed production have already resumed production, but they have not yet reached full load production. There are rumors in the market that local mines that meet the annual output of 300,000 tons will usher in the second batch of resumption of production, but in the near future, the possibility is low, the impact on supply is small, and the tight supply and demand situation may continue, which has certain support for the price. Steel mills consider losses and still have subjective suppression plans, but the difficulty of buying at low prices is very great, and the supply and demand stalemate is obvious. It is expected that the market will run smoothly in the next two days.

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