[Domestic Iron Ore Brief Review] Tangshan Region's Iron Ore Concentrates May Slightly Rise

Published: Feb 20, 2025 18:03

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[Domestic Iron Ore Brief: Iron Ore Concentrates in the Tangshan Region May Slightly Increase] Driven by price increases from leading local steel mills in the Tangshan region, the market price of iron ore concentrates has slightly risen in certain areas. Some producers have taken the opportunity to sell in moderate quantities, and overall trading activity has improved compared to yesterday. Most producers maintain a moderate sentiment.

Driven by the price increases initiated by leading steel mills in the Tangshan region, local iron ore concentrate prices saw a slight uptick in certain areas. Some producers took advantage of the price rise to sell moderate quantities, and overall trading activity improved compared to yesterday. Most producers maintained a moderate sentiment, primarily due to three factors: first, current inventory levels are low, resulting in relatively small pressure; second, resource costs in surrounding areas such as Chengde and eastern Liaoning are high, supporting the local market; third, strong macro expectations suggest an upward outlook for the market in the future. Considering the moderate performance of recent steel sales and the relatively strong trend in iron ore futures, local iron ore concentrate prices are expected to retain some upward potential in the short term. 【SMM Steel】

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