It is reported that till the close of last week October 16th imported iron ore stockpiles at China’s major ports dropped by 450,000 tonnes to 69.64 million tonnes, out of which Brazilian ore stock rose by 750,000 tonnes to 20 million tonnes. Australian ore stockpiles increase by 120,000 tonnes to 23.5 million tonnes while Indian ore stock down 1.01 million tonnes to 13.53 million tonnes.