[Domestic Iron Ore Brief Review] Iron Ore Concentrates Prices in Tangshan Region Slightly Decline, Potential for Future Increase

At the beginning of the week, the Tangshan domestic ore market was generally stable with a slight fall. Some steel mills pushed for lower prices, causing partial prices to pull back by 1-5 yuan. Currently, the ex-factory price for 66% grade iron ore concentrates on a dry basis, including tax, is 975-980 yuan/mt. Although ore beneficiation plants showed low willingness to sell at low prices, considering year-end capital flow issues, they made appropriate sales. On the steel mill side, there were no significant restocking operations currently, and the overall desire to bargain down prices remained strong. Market transactions were relatively sluggish. Considering that imported ore prices have been relatively firm recently, which may drive the domestic concentrates market, it is expected that local iron ore concentrate prices may have some upward potential in the short term. [SMM Steel]