[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region Continue to Fluctuate

The domestic ore market in the Tangshan area remained relatively stable, with the delivery-to-factory price, tax included, for 66% grade iron ore concentrates on a dry basis at 980-985 yuan/mt. Currently, overall operations at mines and beneficiation plants remain at relatively low levels, and overall resources are still relatively tight, with some concentrators raising their asking prices. However, traders' willingness to purchase at high prices is insufficient, with only a few making small purchases to meet rigid demand. Steel mills currently show low sentiment for restocking, mostly purchasing as needed. Overall market transactions have not shown significant improvement. Recently, iron ore futures have shown a fluctuating trend, which may impact the tender prices for local iron ore concentrates. It is expected that local iron ore concentrate prices may fluctuate rangebound in the short term. [SMM Steel]