This Monday, iron ore futures have declined slightly. Operators remain cautious in a geopolitical context gloomy.

The most traded iron ore contract in May on the Dalian Commodity Exchange (DCE) in China traded down by 0.51 % at 788 yuan ($113.29) per metric ton, at 03:12 GMT.

The reference iron ore price for February on the Singapore Stock Exchange was down by 0.93% to 103.6 dollars per ton.

In an unstable global geopolitical context, operators generally remain cautious and take a more cautious position defensive, with Singapore's iron ore prices staying below $105 per ton, an operator familiar with the situation told Reuters.

However, prices are expected to remain moderate in reason for the resumption of molten metal production and Replenishment of stocks on the occasion of the Chinese Lunar New Year, according to a Mysteel report published on January 26.

Iron ore stocks in steel mills remain lower than those of the same periods in previous years, and the The current rate of increase in inventories is expected to continue, adds the report.

The other steel-making ingredients on DCE were mixed, with coking coal and coke up by 0.48% and down by 0.26%, respectively.

The reference courses of steel at the Shanghai Futures Exchange have strengthened. The price of bars reinforcement increased by 0.38%, that of hot-rolled coils by 0.27%, That of hardened wire rod by 0.89% and that of stainless steel by 0.38%