Latest News:  
Beijing   Sunny    16 / 4 ℃  City Forecast

English>>China Business

Imported iron ore stockpiles drop


15:55, November 13, 2012

BEIJING, Nov. 13 (Xinhua) -- Stockpiles of iron ore slid at 25 major Chinese ports during the week ending on Nov. 12, according to Xinhua's latest iron ore price report, which was released on Tuesday.

Inventories of imported iron ore at the ports stood at 97.43 million metric tons, down 480,000 metric tons from a week earlier, the report said.

The price index for 63.5-percent-grade iron ore imports rose one point to 123 points during the period, while the index for 58-percent-grade imports also climbed one point to stand at 105 points, according to the report.

Import prices of iron ore were supported by speculations that the government may adopt more measures to bolster the slowing economy, Xinhua analysts said in the report, adding that the prices will be relatively steady in the near-term with the consumption off-season approaching.

China, the world's top iron ore consumer and buyer, imported 56.43 million metric tons of the raw material in October, falling 13.2 percent month on month. The average import prices dropped 9.45 percent from the previous month to stand at 104.9 U.S. dollars per metric ton, according to the latest customs data.

We recommend:
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake' China: A Fast- growing Force in IPR 13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. Breitling Wingwalkers presents wonderful performance

  2. Airshow China 2012: Aircraft in place to shine

  3. Unforgettable moments in Nov. (II)

  4. Grassroots singer in subway

  5. Heavy snow sweeps NE China

  6. RMB hits six-month high

  7. 2 Chinese films vie for award at Rome Festival

  8. Carl Warner's Foodscapes

Most Popular


  1. 'Eagle Dad' defends extreme parenting methods
  2. Commentary: Venture no further
  3. Chinese MSN users hope for clarity, stability
  4. Public has right to real emergencies information
  5. Analysis: China's social financing stable
  6. Smartphones disconnect people
  7. Recalling Faulty Vehicles
  8. Puzzlement hits historic towers' road to WCH
  9. Online amenities create utopia of idiots
  10. Economic ranking means less for public

What’s happening in China

Underground voices:grassroots singer in subway

  1. Emergency information must be released
  2. Sina Weibo launches new charity platform
  3. Races canceled as students struggle to stay fit
  4. Chinese authorities urge school bus safety
  5. Survey team looks for rare white-flag dolphins