[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in the Tangshan Region May Fluctuate at Highs

This week, Shandong miners offered 64-grade alkaline concentrates at 863 yuan/dry metric ton, excluding taxes, on a acceptance basis, down 11 yuan. Most mines maintained normal production, and steel mills actively purchased under long-term agreements, with no significant changes in blending ratios observed for now. Trading activity was relatively good. This week, although the fundamental supply strength and weak demand for imported ore constrained prices, positive external expectations remained, and there was no anticipation of a sharp decline, which had a relatively small impact on domestic ore. Coupled with the recent strong performance of iron ore futures, local iron ore concentrate prices are expected to fluctuate at highs in the short term. [SMM Steel]