Iron ore futures extended gains on Wednesday as investors assessed risks from the Coronavirus pandemic.
There are worrying signs that the outbreak has worsened in Brazil, with the nation recently surpassing the mark of one million confirmed cases and 50,000 deaths.
Latest figures showed that Brazil added new deaths, bringing the total to 52,645 deaths.
There is, however, some more encouraging news from China. Local authorities in Beijing reported fewer additional local cases, indicating that the recent outbreak is coming under control.
Meanwhile, there is some concern of escalating tensions between China and India after India announced its decision to levy an anti-dumping duty on flat-rolled steel from China, South Korea and Vietnam after a significant increase in its imports. This came after a recent border clash between the two neighbours which left 20 Indian soldiers dead.
Futures in Singapore were seen trading a dollar higher during London morning. Jul was seen trading up from 100.5 to 101.4. Q3 also traded up from 98.5 to 99.0.