As of December 29, inventory of iron ore at 33 major Chinese ports amounted to 90.41 million mt, up 60,000 mt or 0.07 percent compared to the inventory level recorded on December 21, as announced by China's Xinhua News Agency on December 29.
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, remaining stable 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 remaining stable week on week.
In the given week, imported iron ore prices in China indicated diverse trends, with upward movement seen in iron ore prices in the spot market, while iron ore futures prices declined slightly.