[Domestic Iron Ore Brief Review] Prices of Iron Ore Concentrates in the Tangshan Region May Fluctuate with a Stable but Weak Trend

The price of iron ore concentrates in the Tangshan region remained basically flat compared to the pre-holiday period. The local delivery-to-factory price of Fe66% iron ore concentrates (dry basis, tax-included) was 960-970 yuan/mt. The Tangshan iron ore market has not fully resumed operations, and iron ore resources remain tight. Steel mills showed weak overall purchase willingness, with most opting to observe the market before restocking. Overall, market transactions were relatively sluggish. In general, the demand side has not yet picked up, and the local iron ore concentrates market is expected to continue fluctuating downward in the near term.