It's reported that imported iron ore is stockpiling at 25 major Chinese ports, showing a indication of sluggish trade.
Figures showed that inventories of the material reached 75.30 million tons during October 15th to 21st, climbed 0.61% or up 459,000 million tons from the previous week.
The price index for 62% and 58% purity grade iron ore rose two points and one point respectively to 135 and 123.
It is said that iron ore trading has been sluggish on inactive purchasing behavior of the material and is expected that steel prices and the market will remain at low gear in the coming week.
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