Iron ores at China's ports decrease.

Dec 24, 2008 (Xinhua via COMTEX) -- BEIJING, Dec.24 (Xinhu)? The amount of iron ore stocked at China's 19 ports dropped to 59.99 million tons as of December 19, down 19 percent from the previous month, according to MySteel.

Meanwhile, prices of spot iron ores have risen periodically.

Zeng Jiesheng, analyst with MySteel, attributed the current situation to steel price rise and the subsequent production resumption of a number of steel plants in recent time.

Currently, CIF price of Indian powder iron ore has increased to 80 US dollars/ton, up 20 percent from early November.

Chinese …