It is reported that till the close of last week October 23rd , imported iron ore stockpiles at China’s major ports dropped by 840,000 tonnes to 68.7 million tonnes, out of which Brazilian ore stock slid by 420,000 tonnes to 19.58 million tonnes. By contrast, Australian ore stockpiles increase by 430,000 tonnes to 23.93 million tonnes while Indian ore stock down 730,000 tonnes to 12.8 million tonnes.