Iron&nbsp;ore&nbsp;futures in&nbsp;China&nbsp;rose to their&nbsp;highest in more&nbsp;than&nbsp;four&nbsp;months on Tuesday on&nbsp;supply&nbsp;uncertainties expected to emerge during the first quarter of next year.

The most-traded&nbsp;iron&nbsp;ore&nbsp;futures contract on the Dalian Commodity Exchange, for May 2020 delivery, soared as much as 3.2&nbsp;per cent&nbsp;to 662 yuan ($94.05) per tonne in morning trade, the most since August&nbsp;7. It jumped 2.96 per cent&nbsp;to 661 yuan per tonne as of 0330 GMT.

Prices for spot cargoes of benchmark&nbsp;iron&nbsp;ore&nbsp;with 62 per cent&nbsp;iron&nbsp;content for delivery to&nbsp;China, also tracked the robust futures market and rose to $93 per tonne on Monday from $89.50 in the previous session.

"The surge in&nbsp;iron&nbsp;ore&nbsp;prices was mainly driven by&nbsp;supply&nbsp;concerns from foreign miners in the first quarter next year," said Tang Bingqing, an analyst with Founder CIFCO Futures, referring to Brazilian miner Vale SA lowering production outlook and the upcoming expiry of mining leases in India.

Meanwhile,&nbsp;demand&nbsp;prospects for construction steel products and steelmaking raw materials were improved as the latest <a href="https://www.wionews.com/world/propaganda-20-chinese-communist-partys-message-gets-tech-upgrade-201246">Chinese Communist Party</a> conference reiterated the need to strengthen infrastructure constructions, and did not mention real estate controls, Tang added.

Construction steel rebar on the Shanghai Futures Exchange, for May 2020 delivery, jumped 1.0&nbsp;per cent&nbsp;to 3,528 yuan per tonne.

January hot-rolled coil contract, used in cars and home appliances, rose 0.7per cent&nbsp;to 3,690 yuan per tonne.

&nbsp;

Fundamentals

* Shanghai stainless steel futures, for February 2020 delivery, edged up 0.2 per cent&nbsp;to 14,010 yuan per tonne.

* Other steelmaking ingredients were mixed. Dalian coking coal, for January 2020 delivery, inched down 0.3 per cent&nbsp;to 1,243 yuan per tonne while Dalian coke gained 1.2 per cent&nbsp;to 1,928 yuan per tonne.

*&nbsp;China's producer prices fell in annual terms for the fifth consecutive&nbsp;month&nbsp;in November, while consumer prices spiked as food costs climbed, data showed on Tuesday, complicating policymakers' efforts to boost&nbsp;demand&nbsp;as economic growth slows.

Iron ore futures in China rose to their highest in more than four months on Tuesday on supply uncertainties expected to emerge during the first quarter of next year.

Iron ore futures in China rose to their highest in more than four months on Tuesday on supply uncertainties expected to emerge during the first quarter of next year. The most-traded iron ore futures contract on the Dalian Commodity Exchange, for May 2020 delivery, soared as much as 3.2 per cent to 662 yuan ($94.05) per tonne in morning trade, the most since August 7. It jumped 2.96 per cent to 661 yuan per tonne as of 0330 GMT. Prices for spot cargoes of benchmark iron ore with 62 per cent iron content for delivery to China, also tracked the robust futures market and rose to $93 per tonne on Monday from $89.50 in the previous session. "The surge in iron ore prices was mainly driven by supply concerns from foreign miners in the first quarter next year," said Tang Bingqing, an analyst with Founder CIFCO Futures, referring to Brazilian miner Vale SA lowering production outlook and the upcoming expiry of mining leases in India. Meanwhile, demand prospects for construction steel products and steelmaking raw materials were improved as the latest Chinese Communist Party conference reiterated the need to strengthen infrastructure constructions, and did not mention real estate controls, Tang added. Construction steel rebar on the Shanghai Futures Exchange, for May 2020 delivery, jumped 1.0 per cent to 3,528 yuan per tonne. January hot-rolled coil contract, used in cars and home appliances, rose 0.7per cent to 3,690 yuan per tonne. Fundamentals * Shanghai stainless steel futures, for February 2020 delivery, edged up 0.2 per cent to 14,010 yuan per tonne. * Other steelmaking ingredients were mixed. Dalian coking coal, for January 2020 delivery, inched down 0.3 per cent to 1,243 yuan per tonne while Dalian coke gained 1.2 per cent to 1,928 yuan per tonne. * China's producer prices fell in annual terms for the fifth consecutive month in November, while consumer prices spiked as food costs climbed, data showed on Tuesday, complicating policymakers' efforts to boost demand as economic growth slows.

China iron ore surges to over four-month high amid supply uncertainty, demand hopes

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