Chinese stockpiles of iron ore has fallen at 25 major ports last week as market participants indicate a pick up in acitivity.

Iron ore 62% in China for immediate delivery at Tianjin port rose 0.4% to USD 132.00 per tonne. Inventories of imported iron ore stood at 73.45 million tonnes down 1.13% from the previous week.

The price index for 63.5% grade Fe imports rose 6 points from the previous week to 133 points. The index for 58% grade iron ore increased 6 points to 117. The report said that iron ore prices will rise marginally in the following week, adding that trading volume is not expected to rise.

Meanwhile, Sichuan Expressway Company reported it would invest USD 8 billion (or near CNY 50 billion) to build 5 expressway and infrastructure projects in China.