Xinhua-China Iron Ore Price Index for 62% Fe import ore up one point

Wednesday, 17 April 2019 12:10:38 (GMT+3)   |   Shanghai
       

As of April 15, inventory of iron ore at 33 major Chinese ports amounted to 121.25 million mt, down 2.65 percent compared to the inventory levels recorded on April 8, while the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content as of April 15 was at 96 points, up one point compared to April 1. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 87 points on the date in question, up two points over the same period, as announced by China's Xinhua News Agency.

During the April 9-15 period, import iron ore supply still remained on the tight side, providing support for prices of ore imports. At the same time, demand for import iron ore continued to show improvement. It is expected that import iron ore prices in the Chinese market will move on a rising trend in the coming week.


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