[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region Expected to Remain Volatile

[The Tangshan domestic ore market remained stable with a wait-and-see attitude. The current ex-factory price of 66-grade iron ore concentrates on a dry basis including tax was 1000-1005 yuan/mt. The overall operation rate of mines and beneficiation plants remained at a relatively low level, and the supply of iron ore concentrates in the market was still tight. Steel mills were still cautious about purchasing, and due to the recent contraction in steel mill profits, they mainly purchased as needed, leading to a clear weakness in demand and a relatively sluggish market. It was reported today that due to air quality issues, steel mills in the Tangshan area would once again implement emission reduction measures, with some mills possibly limiting sintering and performing blast furnace idling operations, weakening overall demand support. The market is currently in a situation where both supply and demand are weak. However, considering the recent strengthening trend in iron ore futures, it is expected that the local iron ore concentrate prices will maintain a fluctuating trend in the short term. [SMM Steel]]