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Imported iron ore stockpiles decline in China

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Publish time: 27th September, 2013      Source: ChinaCCM
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According to Xinhua China iron ore index report, stockpiles of iron ore at 25 major Chinese ports declined last week.

Inventories of imported iron ore stood at 74.32 million tonnes from September 17 to 23 down 990,000 tonnes or 1.33% WoW.

The country celebrated its Mid Autumn Festival last Thursday and Friday and the holiday impacted iron ore prices.

The price index for 62% grade iron ore dropped 3 points from the previous week to 132. The index for 58% grade iron ore shed 4 points to 121.