【Brief Review of Domestic Iron Ore Market】Iron Ore Concentrates Prices in Tangshan Region May Remain Stable

The Tangshan iron ore concentrates market has remained relatively stable recently. The delivery-to-factory prices, including tax, for dry-basis 66-grade iron ore concentrates range from 940 to 950 yuan/mt. As the holiday approaches and inventory pressure remains relatively small, there is a strong wait-and-see sentiment among mines and beneficiation plants, leading to a slowdown in shipment speeds. The current tight supply and demand situation in the market persists, with beneficiation operations still running at a relatively low level. Prices are strongly supported at the bottom, and it is difficult for mines to resume production. Mines with production qualifications still have limited output. As the Labour Day holiday approaches, steel mills' overall restocking remains relatively stable and not urgent. The supply and demand sides in the overall market are still in a tug-of-war, and it is expected that the overall local iron ore concentrate prices will remain stable. [SMM Steel]