Stockpiles of iron ore at 25 major Chinese ports declined last week, according to Tuesday\'s Xinhua-China iron ore index report. The report said that the inventories of imported iron ore stood at 74.32 million tonnes from Sept. 17 to 23, down 990,000 tonnes or 1.33% week on week, according to China\'s (Xinhua) News Agency. The price index for 62-percent-grade iron ore dropped 3 points from the previous week to 132. The index for 58-percent-grade iron ore shed 4 points to 121.