China's commodity futures continued to rise on Thursday despite exchanges' tightening of transaction controls to try to curb speculation.

Futures of iron ore, copper and aluminum all hit their up limits after the market opened. Steel futures eased to around 0.68 percent after hitting their daily up limit of 5 percent. Coke futures were up 0.68 percent.

The Zhengzhou Commodity Exchange hiked the transaction fee for coal futures from 24 yuan per hand to 30 yuan per hand. The Shanghai Futures Exchange set a daily cap of 10-thousand hands for steel futures transactions per trader a day.

The Dalian Commodity Exchange increased the trading margin for coal futures from 8 percent to 11 percent. Futures companies were also ordered to stop providing financing services for their clients.