China AM: Futures soft amid physical dips

China’s steel and iron ore futures by and large retreated during morning trading on the last trading day of 2016, amid a soft physical market.

Futures closing prices – morning session
Shanghai Futures Exchange
May rebar: 2,896 yuan ($416), down 11 yuan ($1.60)
May hot rolled coil: 3,309 yuan ($476), up 2 yuan ($0.30)
Dalian Commodity Exchange
May iron ore: 549 yuan ($79), down 1 yuan ($0.10)
May coking coal: 1,187.50 yuan ($171), up 11.50 yuan ($1.70)
Billet

Tangshan...

Published

July Zhang

December 30, 2016

04:50 GMT

Shanghai