Alors qu' une série de données meilleures que prévu en provenance du principal pays consommateur chinois a stimulé le sentiment et que la demande chinoise est restée résiliente, les contracts to Prices on iron ore rose on Friday to head for a weekly increase to their highest level in four weeks.

The most traded iron ore contract in May on the Chinese Commodity Exchange in Dalian (DCE) ended the morning up 1.27% to 800 yuan (109.19 dollars) per metric ton, the highest level since December 17, 2024. The February reference price of iron ore on the Singapore Stock Exchange rose by 0.31% to $103 per ton at 03:33 GMT, the highest since December 18, 2024

Both benchmarks have posted a 6% gain so far this week.
Other steel-making ingredients on DCE increased, with coking coal and coke up 2.13% and 1.87% respectively. The steel reference indexes on the Shanghai Stock Exchange rose. Rebar grew 1.51%, hot-rolled coils added 1.19%, wire rod increased 0.92%, and stainless steel gained 0.87%