The iron ore futures have progressed this Wednesday. They anticipate a resumption in demand for raw materials thanks to The return of liquidity to the Chinese market after the New Year holidays lunar.

The most traded iron ore contract in May on the Dalian Commodity Exchange (DCE) in China rose by 1.42% for reach 752.5 yuan ($109.51) per metric ton at 03:32 GMT.

The reference price of iron ore for delivery in March on the Singapore Stock Exchange increased by 1.98% to reach 98.55 dollars per ton.

Iron ore prices are under pressure at the additional decrease due to the increase in shipments in from Australia and Brazil, total port stocks in both countries reaching their highest levels since the start of the year, according to data from the consulting firm Mysteel.

Other steel-making ingredients on the DCE increased, with coking coal and coke increasing by respectively 2.64% and 2.75%.

The reference courses of steel at the Shanghai Futures Exchange have strengthened. The concrete iron has increased by 1.65%, hot-rolled coils by 1.13%, wire rod of 1.42% and stainless steel 1.11%