Iron ore increased with positive signals after the last financial meeting held in China.
Iron ore, the most traded January item on China's Dalian Commodity Exchange (DCE), rose 2.51% in daytime trading and was recorded at 919.5 yuan ($125.63) per metric ton. Additionally, coking coal DJMcv1 increased by 0.19%.
On the Singapore Exchange, the December iron ore SZZFZ3 benchmark was up 1.94% at $121.45 per tonne as of 07:06 GMT.
Shanghai Futures Exchange also increased. . Rebar SRBcv1 increased by 0.54%, hot rolled coil SHHCcv1 increased by 0.49% and wire rod SWRcv1 increased by 0.33%, while stainless steel SHSScv1 decreased by 2.09%.
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