[Brief Review of Domestic Iron Ore] Tightening of Iron Ore Concentrate Resources in the Tangshan Region Intensifies

Published: Jan 9, 2025 18:15

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[Brief Review of Domestic Iron Ore: Tightened Supply of Iron Ore Concentrates in the Tangshan Region] Recently, the iron ore market in Hebei Province has remained generally stable, with local steel mills maintaining a strong desire to bargain down prices. In the Tangshan region, beneficiation plants and suppliers are experiencing losses, leading to a generally low production willingness among local beneficiation plants. In the Chengde region, due to a water inrush accident at a large private mine last month, safety inspections have intensified, causing certain disruptions to underground mining and beneficiation production.

Recently, the iron ore concentrates market in the Hebei region has remained generally stable, with local steel mills maintaining a strong desire to bargain down prices. In the Tangshan area, beneficiation plants and suppliers are experiencing losses, leading to a generally low production willingness among local beneficiation plants. In the Chengde area, due to a water inrush accident at a large private mine last month, local safety inspections have intensified, causing some disruptions to underground mining and beneficiation production. Overall, local iron ore concentrate resources are relatively tight, providing some support for iron ore concentrate prices. Considering the recent bearish trend in the iron ore futures market, overall market sentiment remains bearish, and it is expected that local iron ore concentrate prices may continue to fluctuate downward in the short term. 【SMM Steel】

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