As of April 25, inventory of iron ore at 33 major Chinese ports amounted to 93.14 million mt, up 520,000 mt or 0.56 percent compared to the inventory level recorded on April 18, 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 65 points, up eight points week on week. Meanwhile, the Xinhua-China Iron Ore Price Index for imported iron ore with 58 percent iron content was at 57 points on the date in question, up six points week on week.
In the given week, imported iron ore prices in China indicated a significant rising trend due to rapid increases in domestic finished steel prices. At present, domestic finished steel prices have started to indicate stable movement, thereby exerting some pressure on the iron ore market. it is thought that imported iron ore prices in China will likely follow a stable trend in the coming period.