[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate Downward

Feb 07, 2025, at 6:20 pm

Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan May Fluctuate Downward The iron ore concentrate market in Tangshan is relatively sluggish, with the delivery-to-factory price of local 66-grade iron ore concentrates (dry basis, tax-included) at 960-970 yuan/mt. Selected mines in Zunhua and Qian'an have gradually resumed operations, while Qianxi lags behind.

The iron ore concentrates market in Tangshan saw sluggish transactions. The delivery-to-factory price of local 66-grade iron ore concentrates (dry basis, tax-included) was 960-970 yuan/mt. In Zunhua and Qian'an, selected mines have gradually resumed operations, while Qianxi performed slightly worse. Although traders are also gradually resuming work, their purchasing enthusiasm remains low, with some fulfilling previous orders and most adopting a wait-and-see approach. On the steel mill side, most steel enterprises have not yet initiated post-holiday restocking. After consumption during the holiday, some inventories are at low levels. However, considering the significant instability of external factors and the generally moderate resumption of end-user operations, most have chosen to temporarily observe, with some even planning maintenance. With demand unlikely to improve significantly in the short term, local iron ore concentrate prices are expected to fluctuate downward in the near term. 【SMM Iron Ore】

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[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Fluctuate Downward

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