OREANDA-NEWS. July 20, 2012. China iron ore inventories at 30 main ports hit a 14-week high of 97.76 million tons as of July 6. Domestic demand for iron ore was shrinking.

Global commodity prices fell while iron ore supplies were on the rise.

China imported 58.31 million tons of iron ore in June, 8.66 percent less than the previous month. The average price of iron ore imports shed 1.48 percent to USD 139.07 a ton.