[Domestic Iron Ore Brief] Iron ore concentrate prices in the Tangshan area may continue to fluctuate

The domestic ore market in the Tangshan region remained generally stable, with the current delivery-to-factory price for 66% grade iron ore concentrates (dry basis, tax included) at 980-990 yuan/mt. Under environmental protection-related controls, ore beneficiation enterprises have successively suspended production for maintenance, and transportation has been hindered, intensifying the overall tight supply in the market. Resources from Shandong and Anhui are accelerating their flow into the local area. On the steel mill side, production restrictions are expected to be implemented gradually next week, which will weaken overall demand, leading to a situation of weak supply and demand. Considering the recent stable trend in iron ore futures and relatively small fluctuations in imported ore prices, it is expected that local iron ore concentrate prices may maintain a volatile trend in the short term. [SMM Steel]