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

At the beginning of the week, the Tangshan domestic ore market edged down by 10-15 yuan/mt, with the delivery-to-factory price of 66%-grade iron ore concentrates (dry basis, tax-included) at 920-930 yuan/mt. Overall market transactions in the region remained weak, as producers were concerned about steel mills driving down prices, leading to insufficient purchasing enthusiasm. Most buyers refrained from inquiries. In recent days, heavy rainfall in Tangshan and Chengde regions restricted the transportation of iron ore concentrates in Chengde, hindering overall procurement by steel mills. With current inventory of domestic iron ore concentrates being consumed, steel mills maintained low stock levels. However, considering the strong performance of iron ore futures today, it may boost the local iron ore concentrates market. [SMM Steel]