Iron ore, the most traded January item on China's Dalian Commodity Exchange (DCE), rose 1.79% in daytime trading to 939 yuan ($128.89) per metric ton. This represented the highest level since June 2022. Additionally, coking coal increased by 2.56% and coke increased by 0.87%.
The December iron ore benchmark on the Singapore Exchange rose 0.26% to $125.05 per tonne by 07:00 GMT, reaching its highest level since April 3.
On the Shanghai Futures Exchange, rebar increased by 1.39%, hot rolled coil SHHCcv1 increased by 1.41%, wire rod increased by 0.85% and stainless steel increased by 0.24%.
Market analysts have warned of negative effects that could result from the Chinese government's tight control.
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