【Domestic Iron Ore Brief Review】Iron Ore Concentrates Prices in Tangshan Region May Remain Stable in the Near Term

The Tangshan iron ore concentrate market remained stable in most areas, with the tax-included price of 66-grade dry basis slightly decreasing by 1-5 yuan, currently at 970-975 yuan/mt. However, most producers stood firm on quotes, while a few raised their prices due to tight supply and high costs. Traders were cautious in purchasing, and some had a certain restocking demand as inventories were gradually reduced in recent days. The current inventory of domestic ore in steel mills was mostly maintained at around 5-7 days, with purchasing as needed being the main strategy. Considering that there was no significant imbalance in local supply and demand, and the shortage of iron ore concentrate resources still provided bottom support for the local market, it is expected that the price of local iron ore concentrate will remain stable in the short term. [SMM Steel]