Dalian iron ore is at its peak in the last seven months!

The excess demand following China's decision to launch fiscal incentives caused iron ore prices to rise.

Iron ore, the most traded commodity in January on China's Dalian Commodity Exchange (DCE), rose 2.51% in daytime trading and finished at 900 yuan per tonne, its highest level since April 3. Additionally, coking coal DJMcv1 increased by 2.74% and coke DCJcv1 increased by 1.83%.

The November iron ore benchmark on the Singapore Exchange rose 1.45% to $121.4 at 07:18 GMT, its highest level since September 25.

The rise in the Shanghai Futures Exchange also continued. Rebar increased by 1.25%, hot rolled coil increased by 1.07%, wire rod increased by 2.1% and stainless steel increased by 1.55%.

However, contrary to this rise, difficulties in the real estate sector continued.