OREANDA-NEWS. April 11, 2011. Iron ore inventories at 25 major Chinese ports stood at 92.06 million tons, an decrease of 420,000 tons, or 0.4 5percent over a week earlier. The Xinhua-China Iron Ore Price Index, developed by Xinhua News Agency, was 181 points for the imported iron ore with 63.5 percent iron content, up six points; and 148 for the 58 percent grade material, up 6 points.

The increase of iron ore price this week is mainly for the reinforcing of goods. The price increases will be limited by the high stocks of both steel products and iron ore.

The domestic iron ore production will still be in growth in April while the demand of international market weakens following Japanese earth quake. The price of imported Iron ore will fall for a periods of time.