As of June 6, inventory of iron ore at 33 major Chinese ports amounted to 95.53 million mt, down 770,000 mt or 0.8 percent compared to the inventory level recorded on May 30, 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 49 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 41 points on the date in question, also down two points week on week.
In the given week, imported iron ore prices in China continued to indicate a declining trend due to slack demand in the iron ore spot market. At present, iron ore futures prices have indicated a stable trend, which will provide some support for imported iron ore prices in the spot market. It is thought that imported iron ore prices in China will likely follow a stable trend in the coming period.