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

Dec 26, 2024, at 6:24 pm

[Domestic Iron Ore Brief Review: Prices of Iron Ore Concentrates in the Tangshan Region May Fluctuate Downward] The Tangshan iron ore concentrates market saw a slight increase of 5-10 yuan/mt driven by the price hike of leading steel mills. The current delivery-to-factory price for 66-grade dry basis, tax-included, is 970-980 yuan/mt, with some producers showing slightly softened sentiment.

The Tangshan iron ore concentrates market saw a slight increase of 5-10 yuan/mt, driven by the price adjustments of leading steel mills. Currently, the delivery-to-factory price for 66-grade dry basis iron ore concentrates, including tax, stands at 970-980 yuan/mt. Some producers have shown slight flexibility in their mindset. As the year-end approaches, certain producers are opting to sell for cash flow considerations, securing profits. However, a portion of producers, facing significant losses, remain cautious and prefer to wait and see. Overall, local iron ore concentrate resources remain relatively tight, providing some support to prices. Nevertheless, steel mills' winter stockpiling activities are not evident, with most adopting a purchasing-as-needed approach and maintaining a strong desire to bargain down prices. In the short term, local iron ore concentrate prices are expected to fluctuate downward. 【SMM Steel】

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

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