Dalian iron ore continues to make gains in China.
Iron ore, the most traded commodity in January on the Dalian Commodity Exchange, was recorded at 866 yuan per metric ton, increasing by 2.12% in daytime trading. Additionally, coking coal DJMcv1 increased by 1.63% and coke DCJcv1 increased by 1.4%.
November iron ore SZZFX3 continued to hover around 117.25 per tonne on the Singapore Exchange.
Steel benchmarks were mixed on the Shanghai Futures Exchange. While rebar SRBcv1 increased by 0.61% and hot rolled coil SHHCcv1 increased by 0.67%; wire rod SWRcv1 fell 0.35% and stainless steel SHSScv1 fell 0.57%.
Looking at customs data, China's iron ore imports reached a record level, reaching 876 million tons in the first nine months of 2023.
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