The latest price of 62% purity iron ore in China’s import market remained  flat at $101.1 per tonne CFR despite limited trading, as factories shifted their focus to maintaining profit margins. ‎

‎  lower-grade iron ore, with fewer discounts, was still more favorable, but the trend appears to be unsustainable as transactions declined. In addition, the interest rate cut by the central bank  increased liquidity, while the decline in coke prices reduced costs for steel mills.‎