Domestic ore market prices in Tangshan rose slightly, with 66% grade dry basis tax-inclusive delivery-to-factory prices at 880-890 yuan/mt. Steel producers' price increases, elevated iron ore futures, and continued steel price gains boosted the sentiment of producers. Ore beneficiation companies and merchants holding inventory saw improved sentiment, with some raising their asking prices and others adopting a wait-and-see approach. Buyers faced increased resistance in purchase inquiries and remained cautious about accepting high prices. High-price transactions were hindered in the market, and local supply and demand remained weak. Steel producers remained cautious about price increases, but rising resource prices locally and in surrounding regions shifted the center of raw material costs upward for suppliers. Coupled with the recent strength in the iron ore futures market, this may drive local iron ore concentrate prices higher. [SMM Steel]
[Brief Review of Domestic Iron Ore Market] Prices of iron ore concentrates in the Tangshan region may rise slightly
- Jul 14, 2025, at 5:05 pm
[Domestic Iron Ore Brief Review: Iron Ore Concentrates Prices in Tangshan Area May Rise Slightly] The market prices of domestic ore in Tangshan have shown a slight upward trend, with the delivery-to-factory prices of 66% grade dry-basis iron ore concentrates (tax included) ranging from 880 to 890 yuan/mt. The price increases by steel enterprises, the high position of iron ore futures, and the continued rise in steel prices have boosted the sentiment of producers. The sentiment of ore processors and merchants with inventory has improved, with some raising their asking prices, some holding inventory and waiting, and buyers facing increased resistance in inquiries and purchases.
