As of December 7, inventory of iron ore at 33 major Chinese ports amounted to 86.57 million mt, up 750,000 mt or 0.87 percent compared to the inventory level recorded on November 30, as announced by China's Xinhua News Agency on December 8.
As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 40 points, down four points week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 36 points on the date in question, also down four points week on week.
In the given week, imported iron ore prices in China continued to indicate an overall declining trend, while miners maintained normal iron ore shipments to the spot market despite the price declines.