[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Experience Volatility

The market price of domestic ore in the Tangshan region remained relatively stable, with the ex-factory price for Fe66% iron ore concentrates on a dry basis, including tax, ranging from 1,015 to 1,020 yuan per metric ton. Supply from mines and beneficiation plants remained relatively tight, providing some support for local iron ore concentrate prices. However, weak procurement demand from steel enterprises constrained producers' sales pace and dampened purchasing enthusiasm among traders. The weak supply and demand dynamics in the region were difficult to alleviate, and steel enterprises lacked the impetus to raise purchase prices. Nevertheless, low-priced resources were scarce in the market, leading to a noticeable stalemate. It is expected that local iron ore concentrate prices will maintain a volatile trend in the short term. [SMM Steel]