As of June 25, inventory of iron ore at 33 major Chinese ports amounted to 131.74 million mt, down 0.23 percent compared to the inventory levels recorded on June 18, 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 64 points, down two points compared to June 18. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 52 points on the date in question, down one point over the same period.
During the given week, import iron ore prices in China have edged down, while transaction activity has been quiet. Although miners and traders have wanted to raise their prices for import iron ore, demand has remained slack. It is expected that import iron ore prices in the Chinese market will edge down in the coming week.