As of March 6, inventory of iron ore at 33 major Chinese ports amounted to 116.05 million mt, up 1.69 million mt or 1.48 percent compared to the inventory level recorded on February 27, 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 89 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 77 points on the date in question, unchanged week on week.
In the given week, imported iron ore prices in China indicated upward movement. At present, sentiment among iron ore traders remains positive as regards the future prospects for the market. It is thought that prices of imported iron ore in China will likely indicate a slight rising trend in the coming period.