Iron Ore Advances on Strong China Data in Commodity News 16/04/2026 Iron ore futures climbed above CNY 770 per ton, reaching a one-week high as stronger-than-expected economic data from top consumer China boosted market sentiment. China’s economy expanded 5% year-on-year in the first quarter, accelerating from 4.5% in the previous quarter and surpassing expectations of a 4.9% increase. An improving geopolitical backdrop also lent support, with reports indicating Washington and Tehran are considering extending their two-week ceasefire to allow more time for negotiations, even as the Strait of Hormuz remains effectively closed under a dual blockade. The conflict has disrupted trade flows, curbing metals shipments to the Gulf, a region that was China’s second-largest steel export destination last year, accounting for about 16% of its record-high exports. Source: Trading Economics 2026-04-16 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share