Iron Ore Futures Edge Up 0.28% on Dalian, Demand Still Soft

Iron ore futures on the Dalian Exchange rose 0.28% to 710.5 yuan/ton, extending a modest recovery, but demand remains weak with low end-user consumption and steelmaker losses fueling expectations of production cuts. Port arrivals and miner shipments are rising, adding to supply pressure. The price gain is marginal and does not signal a trend reversal.