Iron ore started the week on a positive note as China's support for the real estate sector showed positive results.
The top-traded iron ore in January on China's Dalian Commodity Exchange DCIOcv1 ended day trading at 844.50 yuan ($116.20) per tonne, up 0.1%, after contract peaking at 865.50 yuan at the start of the session.
Coking coal DJMcv1 gained 5%, while coke DCJcv1 rose 2.7%.
SZZFV3, the most active planting contract on the Singapore Exchange, rose 0.4% to $114.40 per metric ton as of 07:08 GMT, after previously hitting $116.10, its strongest since April 3.
In Shanghai, the week started with a rise. Rebar SRBcv1 increased 0.4%, hot rolled coil SHHCcv1 increased 0.2%, wire rod SWRcv1 increased 1.3% and stainless steel SHSScv1 increased 0.3%.
Iron ore also showed an increase in CME and was recorded as 118 USD.
Comments
No comment yet.