‎ With a slight improvement in the market fundamentals, the price of iron ore imported to China experienced a slight increase for the fifth consecutive day, and in the meantime, market participants are also watching the trend of Chinese macroeconomic news with caution. ‎

‎  The latest price index of 62% purity iron ore has increased by 55 cents to $104.1 per dry ton. ‎

‎ China’s short-term crude steel production is expected to remain flexible and there will be some depletion of stocks in Chinese ports, hence the purchase of iron ore may increase soon. But despite iron ore prices currently fluctuating around $100 per tonne of China’s CFR, most steel mills continue to buy iron ore only on the basis of their immediate demand.‎