The Recent Market Situation In Tangshan Was Relatively Stable.

The recent market situation in Tangshan was relatively stable. Yesterday, the local leading steel enterprises invited bids and raised slightly by 5-10 yuan/mt. The price of 66 grade dry base including tax was 1,015-1,025 yuan/mt. Recent USD-based futures shot up, but steel mills had strong willingness to pressure prices and low willingness to raise prices. Snug resources lifted dressing plants’ sentiment. Recently, it was understood that iron ore in the Dengta of ​​​​Liaoning  flowed to the Tangshan. Due to the gradual reduction in prices in the two places and the freight fees, iron ore supply may shrink. With steel mills’ price reduction and lower-than-expected the volume of goods on the tender, it is expected that the iron ore market will still have some room to hike in the short term.