This Friday, iron ore futures prices are remained almost unchanged, but should record a third increase consecutive weekly thanks to the recent demand for infrastructure.

The most traded iron ore contract in January on the Dalian Commodity Exchange (DCE) in China was trading higher by 0.06% at 796 yuan (112.48 dollars) per metric ton, at 03:01 GMT.

The contract grew by 1.14% since the start of the week.

The reference iron ore price for December on the Singapore Stock Exchange was down by 0.56% to 106.1 dollars per ton.

The recent demand for infrastructure has increased, leading to a continuous improvement in the apparent demand for steel, prices expected to follow the fundamentals in the short term, said the Chinese broker Galaxy Futures

Total iron ore stocks in ports Chinese fell by 0.42% from one week to the next to about 139 million tons as of November 28, according to Steelhome data.

According to data from Chinese consulting firm Mysteel, the stocks of the five main products in carbon steel owned by Chinese steel mills declined for the seventh consecutive week by 2.5% to reach 3.9 million tons Thursday, their lowest level since the end of January.