As of April 11, inventory of iron ore at 33 major Chinese ports amounted to 94.32 million mt, up 550,000 mt or 0.59 percent compared to the inventory level recorded on April 4, 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 ironcontent was at 54 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 48 points on the date in question, also down one point week on week.
In the given week, imported iron ore prices in China indicated diverse trends, with iron ore prices in the spot market increasing slightly and prices of iron ore futures declining, while transaction activity in the overall market has been at decent levels. At present, China’s domestic finished steel prices indicate upward movement, providing some support for iron ore prices. It is thought that imported iron ore prices in China will likely indicate some slight fluctuations in the coming period.