Iron ore prices posted a notable rise as concerns over a slowdown in the Chinese economy eased, supported by measures taken by the world’s largest iron ore buyer to curb demand for coal, other commodities, and steel.

Analysts said that higher fees imposed by the Dalian Commodity Exchange (DCE) on trading in thermal coal and coking coal futures contracts prompted investors to shift their funds toward iron ore.

Iron ore prices for delivery at the Chinese port of Chengdu rose to $74.12 per metric ton on Thursday, their highest level since November 2014, up 94% from their lows last December, according to Metal Bulletin Ltd.