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[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate at High Levels
Jan 17, 2025, at 6:11 pm
[Domestic Iron Ore Brief Review: Iron Ore Concentrate Prices in Tangshan Region May Fluctuate at High Levels] The price of iron ore concentrates in the Tangshan market has shown a slight rise, with a delivery-to-factory price of 970-980 yuan/mt for 66-grade dry basis including tax; local mine operations remain at relatively low levels.
The Tangshan iron ore concentrates market prices showed a slight rise, with a delivery-to-factory price of 970-980 yuan/mt for 66-grade dry basis including tax. Local mine operations remained at relatively low levels. Demand side, constrained by steel mill demand, most steel mills were not in a hurry to stockpile before the Chinese New Year, opting for small-scale purchases as needed, leading to a weak willingness for significant price increases, which directly limited the price rise. Overall, demand-side support was weak, and it is expected that local iron ore concentrates prices may fluctuate at high levels in the short term, driven by restocking for rigid demand and futures.
