[Brief Review of Domestic Iron Ore Market] Iron ore concentrates prices in the Tangshan region may {{be}} in the doldrums

In the Tangshan region, the price of iron ore concentrates is relatively stable, with the delivery-to-factory price (dry basis, tax included) for 66% grade concentrates ranging from 935 to 940 yuan/mt. Currently, the overall market transactions are sluggish, and traders are operating cautiously. Coupled with the steel mills' strong desire to bargain down prices, their operating space is extremely limited, resulting in a strong wait-and-see sentiment. In terms of beneficiation, there has been no improvement in production, which is particularly evident in Zunhua and Qianxi. Some beneficiation plants have increased their shutdowns due to difficulties in sourcing raw materials and high costs, leading to a low supply of concentrates and strong support for local prices. However, considering the steel mills' overall strong desire to drive down prices, it is expected that the local iron ore concentrate prices will oscillate in the doldrums in the short term. [SMM Steel]