As of April 14, inventory of iron ore at 33 major Chinese ports amounted to 108.93 million mt, up 650,000 mt or 0.6 percent compared to the inventory level recorded on April 7, 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 116 points, up two points from one week earlier. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 105 points on the date in question, also up two points week on week.
In the given week, import iron ore prices in the Chinese market continued their upward movement, though at a slower rate compared to the previous week. Although the main domestic iron ore producers raised their prices, an overall rising trend has not yet been seen in the market for domestic production iron ore. Meanwhile, iron ore futures prices in China followed an upward trend. It is expected that iron ore prices in China will indicate upward movement in the short term.