As of November 23 this year, inventory of iron ore at thirty major ports in China amounted to 82.63 million mt, decreasing on week-on-week basis for a fourth successive week, down by 2.68 million mt week on week and down 14.7 million mt compared with the same time last year.
Iron ore inventory in China from each of the three main supplying countries - Brazil, Australia and India - indicated a decline at Chinese ports in the week in question. Inventory of Brazilian iron ore decreased by 1.52 million mt compared with the previous week, while inventory of iron ore from Australia and India dropped by 40,000 mt and 250,000 mt respectively, both compared with the previous week.