Iron ore prices rose on Wednesday on investor expectations that China will take new measures to support its struggling property sector.
Imports of 62% Fe iron ore into northern China rose 1.73% to $116.25 a ton on Wednesday.
January's most-traded iron ore on China's Dalian Commodity Exchange ended day trade up 1.97% at 829 yuan ($113.68) per metric ton.
China's Guangzhou on Wednesday became the first city to announce an easing of mortgage restrictions after some Chinese state-owned banks said they would soon cut interest rates on existing mortgages as Beijing steps up efforts to revive the sector.
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