China's iron ore futures hit a new high since 2013 amid economic recovery

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China's iron ore become one of the best-performing commodities this year boosted by a strong demand for steel products amid the economic recovery and infrastructure push in the world's second largest economy.

China's most actively traded iron ore futures gained 3.4 per cent on Wednesday to hit 934.5 yuan per tonne on Wednesday, marking the highest since December 2013 and bringing its year-to-date gains to more than 44 per cent.

Along with iron ore, other industrial commodity futures in China all hit multi-year highs. The most . . .

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