[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Remain in the Doldrums

Published: Feb 4, 2026 17:31

Save

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Remain in the Doldrums] Iron ore concentrate prices in the Tangshan region edged down by 1-5 yuan/mt at the start of the week, with delivery-to-factory prices for 66% grade dry basis concentrates, tax included, at 980-985 yuan/mt. Recent market transactions have been relatively sluggish. At mines and beneficiation plants, with the year-end approaching, most are adopting a produce-and-sell approach. On the demand side, steel mills still show no clear restocking demand, and recent iron ore futures...

At the beginning of the week, the price of iron ore concentrates in the Tangshan area decreased slightly by 1-5 yuan/mt, with the delivery-to-factory price, tax included, for 66% grade iron ore concentrates (dry basis) at 980-985 yuan/mt. Recently, market transactions have been relatively sluggish. As year-end approaches, mines and beneficiation plants are mainly selling as they produce. On the demand side, steel mills still show no clear restocking demand. Moreover, iron ore futures have fluctuated downward recently, and overall producer sentiment remains relatively cautious, with buyers holding a dominant position in the market. Overall, it is expected that in the short term, local iron ore concentrate prices may remain in the doldrums. [SMM Steel]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Touchi Joins SMM 2026 (3rd) Global Renewable Metals Summit as Banquet Title Sponsor, Shaping Green Future Together

Shanghai Metals Market (SMM) is delighted to announce that Touchi International Corp has officially joined our 2026 (3rd) Global Renewable Metals Industry Summit to be held in Tokyo, Japan, on May 11-12, 2026, as the Banquet Title Sponsor.

1 hour ago

3 hours ago

[SMM Hot-Rolled Coil Daily Trading] Futures first rose then fell, spot low-price transactions moderate

[SMM Hot-Rolled Coil Daily Trading] On February 4, the total daily trading volume of hot-rolled coils from SMM's four-city (Shanghai, Lecong, Tianjin, Ningbo) sample enterprises was 11,140 mt, up 500 mt (42.7%) MoM, up 4.7% YoY on a Gregorian calendar basis, and up 46.58% YoY on a lunar calendar basis.

3 hours ago

SiMn futures fluctuated with an upward trend, and market wait-and-see sentiment remained strong [SMM SiMn Futures Review]

2.4 News: The SM2605 contract opened at 5,842 yuan/mt and finally closed at 5,868 yuan/mt, up 0.31%. The daily highest price was 5,880 yuan/mt and the lowest price was 5,826 yuan/mt. Trading volume was 118,900 lots, and open interest was 354,221 lots. Today, SiMn futures edged up under pressure. Cost side, overall manganese ore transaction prices remained high and the market temporarily stabilized, providing strong cost support for SiMn alloy prices. In 2026, the cost support from local electricity prices in Inner Mongolia and electricity prices in south China for alloy costs was under verification, but a rise was likely. At the start of the week, SiMn alloy cost support temporarily stabilized. Supply side, newly added SiMn furnaces in the main northern production areas gradually started producing iron, increasing supply pressure for standard SiMn. Operating rates at alloy plants in south China remained stably low. In 2026, the intensity of electricity fee policies in Guangxi and Guizhou awaited verification; most plants maintained off-peak production. With the Chinese New Year approaching, manufacturers chose temporary shutdowns, adopting a strong wait-and-see attitude, pending post-holiday electricity settlement prices. Currently, loose supply pressure for SiMn persisted. Demand side, HBIS Group's SiMn procurement for February 2026 awaited verification. The current SiMn market continued to be dominated by volatile movements.

3 hours ago