Chinese futures ended the week with a slight gain on Friday, due to better steel demand sentiment.
Chinese futures continued to trade lower on Thursday, due to muted market activity.
Chinese futures traded lower on Wednesday, as market participants waited for signing of US-China trade agreement.
Chinese futures slid on slow restocking activities as some end-users almost completed their procurement targets.
Pilbara Blend fines (PBF) remained its popularity among Chinese steelmakers for the week ended 10 Jan 2020.
Freight market seemed to be getting off to a slow start for 2020, with failing rates as market adapted to new sulfur limit under IMO 2020.
Chinese futures hiked for the third consecutive day, up 2.10% to RMB 679.50 per tonne on Wednesday, due to high restocking demand.
Chinese futures rose slightly for the second consecutive day by 0.30% to RMB 666.50 per tonne on Tuesday.
Chinese futures rallied at the afternoon session on Monday, following market concerns over the Cyclone Blake off Western Australia.
The new year may not prove to be high demand for iron ore due to the normalization of iron ore supply.