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[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in the Tangshan Region May Slightly Decline
Jan 03, 2025, at 6:31 pm
[Domestic Iron Ore Brief Review: Prices of Iron Ore Concentrates in Tangshan May Slightly Decline] The market for iron ore concentrates in Tangshan has started to weaken, with the delivery-to-factory price for 66-grade dry basis including tax at 960-970 yuan/mt. Leading steel enterprises have a strong desire to bargain down prices, making it increasingly difficult for local resources to rise again, and market transactions have consequently slowed down.
The Tangshan iron ore concentrates market has started to weaken, with the delivery-to-factory price for 66-grade dry basis including tax at 960-970 yuan/mt. Leading steel enterprises show a strong desire to bargain down prices, making it increasingly difficult for local resources to rise further. Market activity has also slowed accordingly, with traders rarely inquiring or purchasing. Even when offers are made, they are often below the psychological expectations of beneficiation plants. Overall, market transactions remain sluggish. Considering the recent weak performance of iron ore futures, local iron ore concentrate prices are expected to edge down slightly. 【SMM Steel】
