Benchmark iron ore futures gained 0.7% to $104.70 per ton at 12.11pm in Singapore, after surging 3.4% last week.
Iron ore advanced for a second day as China’s manufacturing activity expanded following Beijing’s stimulus measures to shore up the economy.
The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June. It showed new orders increased at the quickest pace during November since February last year.
