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The most-active iron ore futures on the Dalian Commodity Exchange, for September delivery, jumped as much as 3.9% to 925 yuan ($145.19) a tonne. They were up 2.9% to 916 yuan when market closed, logging a 0.3% dip for the week.

Spot 62% iron ore for delivery to Chinarose $1 to $153 a tonne on Thursday, data compiled by consultancy SteelHome showed.

Steelmakers are resuming production on expectation of replenishing demand in the downstream sectors, said Zhuo Guiqiu, analyst with Jinrui Capital.

Dalian coking coal futuresgained 2.8% to 3,152 yuan a tonne and coke pricesrose 1.1% to 4,217 yuan per tonne.

The countrys state planner approved 32 fixed-asset investment projects this year, totalling 520 billion yuan, and is studying plans for new policy reserve to expand investment in the manufacturing sector.

Futures prices for construction material steel rebar on the Shanghai Futures Exchange, for October delivery, ended up 1.3% to 5,049 yuan a tonne.

Hot rolled coils, used in cars and home appliances, jumped 0.9% higher to 5,198 yuan per tonne.

Apparent consumption of main steel products including the two materials in China rose 3.5% as of Thursday from the week earlier, according to Reuters calculation based on production and inventory data complied by Mysteel.

Shanghai stainless steel futuresedged 0.4% higher to 19,835 yuan a tonne.

($1 = 6.3710 Chinese yuan renminbi)

(By Min Zhang and Enrico Dela Cruz; Editing by Krishna Chandra Eluri and Uttaresh.V)

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China iron ore futures gain on demand recovery hopes - MINING.COM - MINING.com