Imported iron ore stockpiles fall
Updated: 2013-01-15 17:25
(Xinhua)
|
||||||||
BEIJING - Stockpiles of iron ore slid at 25 major Chinese ports during the week ending Jan 14, according to Xinhua's latest iron ore price report, released on Tuesday.
Inventories of imported iron ore at the ports stood at 81.59 million metric tons, down 1.05 million metric tons, or 1.3 percent, from a week earlier, the report said.
It added that the price index for 63.5-percent-grade iron ore imports rose one point to 154 points during the period, while the index for 58-percent-grade imports also climbed one point to stand at 136 points.
Import prices of iron ore are likely to trend lower in the near-term as recent gains were overdone, Xinhua analysts said in the report.
China, the world's top iron ore consumer and buyer, imported 740 million metric tons of the raw material in 2012, up 8.4 percent year-on-year.
The average import price dropped 21.6 percent from one year earlier to stand at $128.6 per metric ton, according to data from the General Administration of Customs.
Related Readings
Steelmakers boost use of domestic iron ore: MysteelChinese demand for iron ore up in 2013
China renews calls for rational iron ore price
Iron ore stockpiles drop at Chinese ports
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |