[Brief Comment on Domestic Iron Ore Market] There may be some upside potential for iron ore concentrates prices in the Tangshan region

Published: Jul 8, 2025 17:15

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[Brief Comment on Domestic Iron Ore Market: Prices of Iron Ore Concentrates in Tangshan Region May Have Some Room for Upside] At the beginning of the week, the domestic ore market in Tangshan was generally stable, with local delivery-to-factory prices for 66% grade dry-basis iron ore concentrates (tax included) ranging from 870 to 880 yuan/mt. Recently, some resources from Shandong have flowed into Hebei, driving an improvement in the outflow of resources. Considering the recent uptick in raw material prices and high costs, local concentrators have maintained firm asking prices. Amidst a stalemate in supply and demand, transactions have slowed down.

At the beginning of the week, the domestic ore market in Tangshan remained generally stable, with local delivery-to-factory prices for 66% grade dry basis ore (tax-inclusive) at 870-880 yuan/mt. Recently, some resources from Shandong have flowed to Hebei, driving improvements in resource outflow. Local concentrates producers, considering the recent rise in raw material costs and high production costs, maintained firm asking prices. Amid the supply-demand stalemate, transactions slowed down. Steel mills are currently focusing on purchasing as needed, but the current pig iron production of steel mill blast furnaces remains at high levels, providing some support for the demand for iron ore concentrates. Coupled with the recent stronger trend in the futures market for iron ore, it is expected that local iron ore concentrate prices still have some room for further increases. [SMM Steel]

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