[Domestic Iron Ore Brief] Tangshan prices edge up; iron ore concentrate prices may consolidate later

Domestic ore market in Tangshan was mostly stable today with a few prices firming. A few steel mills’ tender prices just broke above yuan 900/mt, boosting producer sentiment. Those with spot inventory sold at suitable prices, but buyers became more cautious in inquiries and procurement, mostly in a wait-and-see mood. Local and nearby mines raised prices, but local iron ore concentrate resources remained tight, with overall iron ore resources relatively tight.



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