Disaster triggers rise in commodity prices

Commodity prices, including iron ore, increased after last week's fatal blasts in Tianjin affected operations at the city's port.

The explosions occurred on Aug 12 at warehouses in the Binhai New Area close to Tianjin Port.

Iron ore was priced at $56.75 a metric ton on Tuesday, a 1.34 percent rise from a week ago, according to Platts Iron Ore Index, a benchmark assessment of the spot price for physical iron ore.