As of December 26, inventory of iron ore at 33 major Chinese ports amounted to 99.02 million mt, down 120,000 mt or 0.12 percent compared to the inventory level recorded on December 19, 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 78 points, down two points week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 68 points on the date in question, also down two points week on week.
In the given week, imported iron ore prices in China indicated a slight declining trend due to decreases in iron ore futures prices, while overall transaction activities in the spot market were at medium levels. In the meantime, buyers sought to exert downward pressure on iron ore prices in the spot market.