On July 25, inventory of iron ore at 33 major Chinese ports amounted to 121.682 million mt, up 1.62 percent compared to July 18, as announced by China's Xinhua News Agency.
Import iron ore prices edged up in the given week.
In the given week, deliveries of iron ore to users increased, especially deliveries of iron ore from Brazil, while iron ore volumes arriving at Chinese ports in general indicated big declines.
Capacity utilization rates of blast furnaces in China have continued to decline, though they are expected to rise soon, which has bolstered market sentiment: for instance, iron ore futures prices moved up by 7.16 percent on July 28. It is thought that import iron ore prices may move up in the coming week.
