As of May 15, inventory of iron ore at 33 major Chinese ports amounted to 114.67 million mt, up 0.47 million mt or 0.41 percent compared to the inventory level recorded on May 8, 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 61 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 51 points on the date in question, also decreasing by one point week on week.
In the given week, the rising trend seen in the domestic finished steel and semi-finished steel market has positive impacted on the iron ore prices in the Chinese market. Demand from downstream users has improved. It is thought that prices of imported iron ore in China will likely be characterized by fluctuations in the coming period.