Iron ore futures are appreciated and relieved by trade tensions By Investing.com

On the Shanghai Stock Exchange, the session was also marked by the recovery of paper prices. The highest liquidity contract for the fifth month of next year increased by 64 yuan to reach a total of RMB 3,333 per tonne. The second most traded value for January was 104.95 RMB per tonne, or 104 cents.

Chinese stock indexes posted their largest daily gain in a month, as the yuan strengthened on Monday. Chinese and US presidents have agreed on a temporary truce as part of an intense trade war, but China's long-term trade and market relations outlook remains unclear.

The agreement between President Donald Trump and Xi Jinping was postponed to a later date. the most urgent threat to the global and Chinese economies – the sharp rise in US tariffs on Chinese products scheduled for January 1.

The news somewhat relieved the Chinese stock markets, which dropped by more than 20% (19659004) "It's a relief rally, I do not think we need a lot of excuses (for" said Paul Kitney, chief equity strategist at Daiwa Capital Markets.

The agreement "is not a ceasefire, it's simply a reduction of tensions." existing ones still have a negative impact on the Chinese economy and they have not left yet. "

The actions of auto parts manufacturers doing business abroad and auto dealers have During the trading session, domestic manufacturers reduced their gains, after Trump said on Sunday that China had agreed to "reduce and eliminate" US auto tariffs.

The yuan rose 1.02 % – its highest daily gain since the 15th February 2016 – Breaking the