Chinese imported iron ore stocks inch up last week
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Sunday, 08 May 2011
Reuters reported that stocks of imported iron ore at major Chinese ports inched up this week to 82.41 million tonnes, 110,000 tonnes higher than last week.
Mysteel said that steel mills did not buy much from port spot markets over the week, but prices remained stable, with Indian fines being quoted at USD 188 to USD 190 per tonne.
The Indian monsoon season has already started to put pressure on low grade ore supplies, and prices have risen accordingly.
Following is a table showing iron ore port stock movements in the last seven days:
| Country of origin | Stocks | Change |
| Total | 82.41 | 0.1 |
| Australia | 32.27 | 0.6 |
| Brazil | 21.68 | -1.6 |
| India | 14.27 | 1.8 |
In million tonnes
(Sourced from Mysteel)
