[Brief Review of Domestic Iron Ore] There May Be Some Room for Upward Movement in Iron Ore Concentrate Prices in the Tangshan Region

Published: Feb 10, 2025 18:00

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[Domestic Iron Ore Brief Review: Tangshan Region Iron Ore Concentrates Prices May Have Some Room for Upward Movement] Overall transactions of iron ore concentrates prices in the Tangshan region fell short of expectations. Currently, the delivery-to-factory price of Fe66% iron ore concentrates (dry basis, tax-included) is 980-985 yuan/mt. This week, steel mills are expected to engage in some restocking, even while maintaining low inventory levels.

In the Tangshan region, transaction prices for iron ore concentrates have fallen short of expectations. Currently, the delivery-to-factory price for Fe66% iron ore concentrates on a dry basis, including tax, stands at 980-985 yuan/mt. This week, steel mills are expected to engage in some restocking activities. Even with controlled low inventory levels, rigid demand for raw materials persists, providing some support to iron ore concentrate prices. On the supply side, the pace of production resumption remains slow, with most opting to restart after the Lantern Festival. Spot supply is unlikely to increase significantly in the short term, and supply remains relatively tight. The market is currently in a state of undersupply. Coupled with the recent strong performance of iron ore futures prices, local transaction prices for iron ore concentrates may be driven higher. 【SMM Steel】

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