Iron ore futures have started the first week of 2026 with a slight increase. They are starting So the new year on a positive note, supported by strong demand Chinese and persistent supply constraints.

The most traded May iron ore contract on DCE traded up 0.76% to 795.5 yuan ($113.94) per ton metric, at 02:43 GMT.

The reference iron ore contract for February on the Singapore Stock Exchange rose by 0.29% to 105.65 dollars per ton.

Chinese iron ore prices are supported by The restocking of steel mills before the Lunar New Year holidays in February, while the weakness in domestic supply also brings a additional support.

The stocks of the top five steel products in Carbon held by Chinese steel mills fell by 1.1% over one week to reach 3.81 million tons between 26 and 31 December, according to the consulting firm Mysteel.

Other ingredients from the steel industry on the DCE have fell, with coking coal and coke falling by 1.12% and 1.77 respectively %.

The SHFE steel prices posted mixed performances. The price of rebar fell by 0.38% and that of hot-rolled coils by 0.49%.

At the same time, wire rod gained 4.93% and stainless steel has strengthened by 0.65%.