Iron ore, the most traded commodity on China's Dalian Commodity Exchange (DCE), rose 1.03% in daytime trading to 935 yuan ($128.46) per metric ton. Additionally, coking coal DJMcv1 increased by 2.43% and coke DCJcv1 increased by 1.41%.
The December iron ore benchmark on the Singapore Exchange rose 1.09%, reaching $124.4 per tonne at 07:36 GMT, the highest level since April 3.
There was also an improvement in steel indicators on the Shanghai Futures Exchange. While rebar SRBcv1 increased by 1.29%, hot rolled coil SHHCcv1 increased by 1.18%, wire rod SWRcv1 increased by 0.57%; stainless steel SHSScv1 decreased by 0.89%.
The reason for the increase in prices on the Shanghai Futures Exchange is seen as the increase in raw material prices.
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