Nov 30 - Xinhua Iron Ore Price Index Falls 8 Units to 145

Source: ChinaScope Financial (Data),  Xinhua, Ifeng Finance

+  After three weeks of rising prices, the price of imported iron fell on November 28. Further, port inventories declined slightly and the volume of ask-and bids were reduced.

+  Domestic steel mines do not make large-scale strategic purchases, but make piecemeal adjustments to their inventories as they drop. Supply shortage is expected.

+  Related Data: Import Value, Import Volume, Port Stocks of Iron Ore

Due to sluggish downstream demand, imported ore prices lack support, which make it difficult for market volume to increase.

The storage of imported ore at ports on November 25 was slightly lower than that on November 18.

For more data of steel industry and companies, please visit www.chinascopefinancial.com

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