[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in the Tangshan region may fluctuate rangebound

Published: May 30, 2025 17:07

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[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Fluctuate Rangebound] The domestic ore market in Tangshan region remains generally stable, with the delivery-to-factory price of 66% grade dry-basis iron ore concentrates (tax included) at 920-930 yuan/mt. However, most beneficiation plants and traders maintain a cautious attitude, with their offers falling short of sellers' expectations, leading to a notable stalemate. It is understood that due to the suppression from steel enterprises and the difficulty in sourcing low-priced resources, independent beneficiation plants are experiencing severe losses.

The domestic ore market in the Tangshan region remained generally stable, with the delivery-to-factory price (including tax) for 66-grade dry-basis ore at 920-930 yuan/mt. However, most beneficiation plants and traders maintained a cautious stance, with offers failing to meet seller expectations, leading to a notable standoff. It is understood that due to pressure from steel enterprises and the scarcity of low-priced resources, independent beneficiation plants are experiencing severe losses, with most halting production for maintenance and adopting a wait-and-see approach towards the market. The overall operating rates of major mines are at a relatively low level, resulting in a weakened market supply. Steel mills currently have certain expectations for restocking, indicating overall support for domestic iron ore prices. However, considering the weak trend in the futures market for iron ore, it is expected that the price of local iron ore concentrates will fluctuate rangebound in the short term. [SMM Steel]

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