Fri May 6, 2011 8:05am GMT
BEIJING, May 6 (Reuters) - 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, figures from industry
consultancy Mysteel showed on Friday.
Mysteel said steel mills did not buy much from port spot markets over the week, but prices remained stable, with Indian fines being quoted at $188-190 per tonne.
The Indian monsoon season has already started to put pressure on low-grade ore supplies, and prices have risen accordingly, the consultancy said.
Following is a table showing iron ore port stock movements in the last seven days.
Country of origin Stocks (mln T) Change (%)
Total 82.41 + 0.1
Australia 32.27 + 0.6
Brazil 21.68 - 1.6
India 14.27 + 1.8
Source: Mysteel & Reuters
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