China's iron ore concentrates market edged down this week. Regionally, prices in Tangshan, Qian'an, and Qianxi in Hebei edged up by 1-5 yuan/mt; Chaoyang, Beipiao, and Jianping in western Liaoning also edged up by 1-5 yuan/mt; and east China saw a rise of 1-2 yuan/mt. Looking ahead, domestic iron ore concentrate supply is expected to remain tight. However, on the demand side, hot metal output at local steel mills is likely to decline, and their desire to bargain down domestic concentrate prices is relatively strong. But with sellers' market sentiment now quite evident, local iron ore concentrate prices are expected to remain in the doldrums in the near term. [SMM Steel]
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