As of May 22, inventory of iron ore at 33 major Chinese ports amounted to 116.63 million mt, up 1.96 million mt or 1.71 percent compared to the inventory level recorded on May 15, as announced by China's Xinhua News Agency.
As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 63 points, up two points week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 53 points on the date in question, also increasing by two points week on week.