It is reported that the prices of imported iron ore were declined in the end of June due to weak demand and the global economic slowdown.
According to Chinese Xinhua Iron Ore index, the price of imported iron ore with 63.5% Fe was down by 1 point to 139 points; the price of 58% Fe was down as well to 118 points.
Current stock of imported iron ore in China's 25 main ports is 97.46 million tons, 700,000 tons more than a week ago.
The prices of steel in China have been declined in this year, reflects the slowdown of the real estate, automobile and electronic mechanism industries.
Moreover, the reluctance of miners to sell their products at lower prices and the caution of steelmakers have led the transaction of iron ore in the market declines, from what analysts predict that domestic weak demand will keeps in short term.