China's Dalian iron ore futures rose for the first time after falling for the fifth consecutive month.
Iron ore, the most traded January item on China's Dalian Commodity Exchange DCIOcv1, rose 1.4% to 956.5 yuan ($134.15) per metric ton at the close. In contrast, Dalian coking coal DJMcv1 decreased by 1.4% and coke DCJcv1 decreased by 2.5%.
Looking at the Singapore Exchange, benchmark iron ore for January SZZFF4 rose 0.9% to $129.65 per tonne.
The Price Monitoring Center of the China Development and Reform Commission has increased surveillance to maintain a healthy iron ore market and keep rising prices under control.
On the Shanghai Futures Exchange, the rebar contract SRBcv1 increased by 0.2%; hot rolled coil SHHCcv1 fell 0.2%, wire rod SWRcv1 fell 1% and stainless steel SHSScv1 fell 0.5%.
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