After several downside sessions, following the publication of disappointing industrial data from China, the Iron ore futures rose on Wednesday.

The most traded iron ore contract in January on the Dalian Commodity Exchange (DCE) in China rose by 1.66% to 767.5 yuan (108.68 dollars) per metric ton at 02:46 GMT after falling by 0.7% on Tuesday.

The reference iron ore price for January on the Singapore Stock Exchange rose by 0.75% to reach 102.55 dollars It thundered at 02:36 GMT.

Production deflation in China, which lasts over the past three years, has increased last month, a sign that demand Her inner self remains weak and is unlikely to recover soon.

The Producer Price Index (PPI) fell by 2.2% year-on-year in November, compared to a decrease of 2.1% in October, a result lower than the forecasts, which expected a decrease of 2%, according to official data.

The other ingredients for making steel, the coking coal, were soaked to 0.69% and added to 1.35%, respectively.

The steel reference prices on the Stock Exchange Shanghai futures have advanced.

The rebars have increased by 0.49%, hot-rolled coils increased by 0.31%, wire machine grew by 0.94% and stainless steel gained 0.48%