Imported iron ore stockpiles rise

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

Stockpiles of iron ore at 25 major ports in China rose last week as market participants continued their wait-and-see attitude, according to a Tuesday report by the Xinhua News Agency.

Inventories of imported iron ore stood at 74.32 million tonnes from Sept. 10 to Sept. 16, up 0.06 percent from the previous week, according to the report.

The price index for iron ore imports with a 62 percent purity grade stood at 135. The index for iron ore imports with a 58 percent purity grade reached 125.

The report said that due to tight supplies of iron ore, ore dressing manufacturers and traders had showed a strong willingness to support prices.

Despite the arrival of the traditional peak season for steel consumption, demand for steel products failed to meet market expectations and remained weak, according to the report.

• China approves iron ore futures trading
• Imported iron ore stockpile rises for third week
• Mining giants blamed for soaring iron prices
• Iron ore stockpiles drop at Chinese ports
• No deals on iron trading platform
• Hammered ore prices threaten Chinese iron miners
• Imported iron ore stockpiles drop
• Supplements for three trimesters of pregnancy
• Iron ore prices to rise in Q4
• Imported iron ore prices fall on weak demand

We Recommend

• Pakistan suffers desperate shortage of water
• Lanzhou MAC conducts actual-troop live-ammunition drill
• Heritage train ride across western Kosovo
• Baby girl 'too young' for birthmarks treatment
• Beijing court hears airport blast case
• Harbin named Chinese city with most beautiful women
• Wushu spirit
• Rugby girls
• Funniest photos of sport stars as kids