Iron ore futures prices have fell slightly on Thursday, under pressure from weak demand from sectors manufacturing and infrastructure in China, although the reconstruction of stocks before the Chinese National Day limited losses.

The most important iron ore contract traded in January on the Chinese Dalian stock exchange (DCE) was down by 0.12% at 800 yuan (112.57 USD) per metric ton, at 02:55 GMT. The ore of September's reference on the Singapore stock exchange was trading lower from 0.19% to 105.25 USD per ton.

On the demand side, investments in manufacturing and infrastructure continued to record a negative growth year-on-year in August, while steel demand for end use fell sharply in the third quarter, compared to up 7% year on year in steel consumption manufacturer in the first half of the year, said the Chinese broker Galaxy Futures.

On the supply side, Chinese production of crude iron ore in August increased by 8.8% over one year, to reach 81.63 million metric tons, while shipments of the main Brazilian producer also increased in the third quarter.

Other steel raw materials have lost ground on the DCE, coking coal and coke having fell by 0.89% and 0.26% respectively. All the benchmarks of Steel prices on the Shanghai Futures Exchange have retreated. The rebar has fell by 0.51%, hot-rolled coils fell by 0.65%, the wire Machine fell by 0.24% and stainless steel fell slightly by 0.19 %.