Several border cities in China's Inner Mongolia region and Heilongjiang province have halted non-container imports of commodities such as coal, iron ore, copper ore and zinc to mitigate risks amid the recently resurfaced covid-19 infections.
62% Fe fine gauge imported into northern China was changing hands at $104.49 per tonne, up 1.9% from Tuesday's close, according to Fastmarkets MB.
Benchmark iron ore futures for January delivery on the Dalian exchange rose 1.6% to 624 yuan per tonne at close of trade.
The World Health Organization warned that determining the severity level of the new omicron variant could take several weeks unless there is information that its symptoms are different from other variants.
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