As of November 23rd 2012, inventory of iron ore at thirty major ports in China amounted to 82.63 million tonne decreasing on WoW basis for a fourth successive week, down by 2.68 million tonne WoW and down 14.7 million tonne compared with the same time last year.

Iron ore inventory in China from each of the 3 main supplying countries Brazil, Australia and India indicated a decline at Chinese ports in the week in question.

Inventory of Brazilian iron ore decreased by 1.52 million tonne compared with the previous week, while inventory of iron ore from Australia and India dropped by 40,000 million tonne and 250,000 million tonne respectively, both compared with the previous week.