Iron ore futures in China continue to rise on expectations that the government will implement additional incentives.
Iron ore, the most traded commodity for May on China's Dalian Commodity Exchange, rose 2.8% at the close to 1,017.5 yuan ($142.50) per metric ton. Additionally, coking coal DJMcv1 increased by 3% and coke DCJcv1 increased by 2.3%.
On the Singapore Exchange, benchmark iron ore for February SZZFG4 rose 0.6% to $141.76 per metric tonne.
Rebar contract SRBcv1 on the Shanghai Futures Exchange rose 0.5%, hot-rolled coil SHHCcv1 rose 0.6% and stainless steel SHSScv1 rose 1.4%. In addition, wire rod SWRcv1 remained unchanged from the last time.
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